• ADQ, now consolidated inside L'IMAD Holding Company, has satisfied every substantive term of its AED6.25 ($1.70)/share cash tender for AD Ports Group's remaining ~24.58% free float, per AGBI's September 8, 2026 report; only routine CMA/ADX notifications remain.
• The tender is NOT closed: per The National, shareholders have until 3pm UAE time on September 15, 2026 to accept, with L'IMAD able to extend the window.
• The AED6.25 offer is a 23% premium to AD Ports' pre-bid close and a 95% premium to its AED3.20 IPO price from February 2022.
• L'IMAD Holding Company, chaired by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed, absorbed ADQ under a January 30, 2026 government resolution and now spans 25 investment companies and 250-plus subsidiaries, including TAQA and Etihad Airways.
• If the tender proceeds to settlement, AD Ports Group would be expected to leave the ADX, with the share transfer targeted before October 9, 2026 — a sovereign ownership shift, not a trading signal.

ADQ, the Abu Dhabi state investor absorbed into L'IMAD Holding Company in January 2026, has satisfied every condition of its AED6.25 ($1.70) cash tender for AD Ports Group's remaining shares except routine notifications to the Securities and Commodities Authority and the Abu Dhabi Securities Exchange, AGBI reported on September 8, 2026. That is not the same as the deal being done: per The National, shareholders have until 3pm UAE time on September 15, 2026 — with a possible extension — to actually tender their shares, and settlement is targeted before October 9.

What's Actually Closed — and What Isn't

AGBI's September 8 report describes conditions as "satisfied" rather than a completed sale: aside from customary regulatory notifications, the substantive terms of the offer are in place, but the tender's acceptance window itself was still running as of publication. The National reported on August 26 that the window was set to run to 3pm UAE time on September 15, 2026, with L'IMAD able to extend it — standard practice in UAE tender offers while final uptake is still being tallied.

The Mechanism: L'IMAD Absorbs ADQ

ADQ is the formal bidder, but ADQ itself was folded into L'IMAD Holding Company under a January 30, 2026 resolution from Abu Dhabi's Supreme Council for Financial and Economic Affairs, according to the Abu Dhabi Media Office. L'IMAD, chaired by Crown Prince Sheikh Khaled bin Mohamed, now spans 25 investment companies and more than 250 subsidiaries — including TAQA, Etihad Airways, PureHealth and AD Ports itself — making this buyout one sovereign entity absorbing an asset it already controlled.

The Price and the Premium

The AED6.25 per-share offer is a 23% premium to AD Ports' pre-bid closing price and a 95% premium to the AED3.20 price at which the company listed on the ADX in February 2022, according to The National. AGBI put the total consideration for the remaining stake at roughly AED7.8 billion ($2.1 billion). ADQ already held about 75.42% of AD Ports before the tender, leaving roughly 24.58% of the free float for the offer to capture.

Why Take It Private

Neither AGBI nor The National attributes an on-the-record rationale beyond the mechanics of the offer; what is documented is the structural effect. Full ownership would let L'IMAD direct AD Ports' capital and acquisitions without quarterly public-market reporting or minority-shareholder consent, folding a listed ports-and-logistics operator into a sovereign portfolio that already includes TAQA, Etihad Rail and Etihad Airways. That consolidation logic, not any disclosed strategic statement, is what the primary reporting supports so far.

What Happens Next

With the offer's other conditions in place, the near-term steps are the customary notifications to the Securities and Commodities Authority and the ADX, then the close of the acceptance window — no earlier than 3pm UAE time on September 15, 2026, per The National, and possibly later if L'IMAD extends it. AGBI reported the share transfer is expected before October 9, 2026, after which AD Ports Group would be expected to leave the exchange it joined in February 2022.

Not Investment Advice

This is a record of a pending corporate consolidation, not a trade idea: the AED6.25 tender price is a fixed cash exit for shareholders who accept it, not a market quote for anyone still holding AD Ports shares after the window closes. Readers with a position in AD Ports should consult the company's own tender documents and a licensed adviser; this analysis makes no recommendation to buy, sell or hold AD Ports or any other Gulf-listed security mentioned here.