AD Ports Group Divests 9.77% Stake In NMDC Group To Alpha Dhabi Holding For AED 1.6 Billion

AD Ports Group has sold its 9.77% stake in NMDC Group PJSC to Alpha Dhabi Holding PJSC for AED1.6 billion (US$436 million). This transaction aligns with AD Ports Group's strategy to manage its asset portfolio actively, focusing on monetising non-core assets when advantageous.

The sale of the NMDC stake is the third divestment of non-core assets by AD Ports Group this year. Previously, they sold land at Khalifa Economic Zones – Abu Dhabi (KEZAD) to Mira Developments and two logistics warehouses in KEZAD to Aldar Properties. These transactions are part of a broader strategy to optimise asset management across business clusters.

Proceeds from these sales, including the NMDC transaction, will be used to reduce the Group’s debt and reinvest in projects with higher returns. As of 30th September, AD Ports Group reported net debt of AED17.0 billion.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, stated that the agreement with Alpha Dhabi reflects their commitment to managing assets wisely and enhancing value creation strategies. He emphasised that proceeds from such transactions bolster the Group’s financial position and capital structure.

He further noted that under UAE leadership guidance, AD Ports Group aims to manage its asset portfolio efficiently. The focus remains on increasing shareholder value, improving customer services, and fulfilling their mission of enabling trade.

Alpha Dhabi's Strategic Acquisition

Hamad Salem Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, highlighted that acquiring the NMDC stake aligns with their strategy to invest in impactful industrial sectors supporting Abu Dhabi’s diversity agenda. He stressed their focus on scalable opportunities aligning with national priorities and global trends.

This acquisition increases Alpha Dhabi's stake in NMDC Group to approximately 77%. It underscores their commitment to industrial growth paired with environmental responsibility and societal empowerment.

Previous Divestments

In October 2025, AD Ports Group sold land in KEZAD's Al Mamourah district to Mira Developments LLC for AED2.47 billion ($673 million). Mira plans a large mixed-use community there. On 11th November, they announced selling two logistics warehouses in KEZAD to Aldar Properties for AED570 million ($155 million).

The NMDC stake sale marks another step in AD Ports Group's ongoing efforts to unlock value through strategic asset management while maintaining a strong financial foundation for future growth initiatives.

With inputs from WAM