• AD Ports Group's board recommended shareholders accept ADQ's AED6.25-a-share cash offer on August 26, 2026, following a fairness opinion from independent adviser HSBC.
• ADQ, wholly owned by Abu Dhabi sovereign investor L'IMAD Holding, already controls 75.42% of AD Ports Group and is targeting the remaining 24.58% free float.
• The AED6.25 offer is a 23% premium to the AED5.10 close on August 14, 2026, and roughly 95% above the AED3.20 IPO price from February 2022.
• The tender window runs from August 18 to 3pm September 15, 2026 (extendable up to 14 days), with results due September 16.
• AGBI puts the free-float payout at roughly AED7.8 billion ($2.1 billion); The National reports an implied full-company valuation of about AED31.8 billion.

AD Ports Group's board has recommended shareholders accept a AED6.25 ($1.70) per-share cash tender from ADQ, the wholly owned investment vehicle of Abu Dhabi sovereign holding company L'IMAD, to take the ports, logistics and maritime operator to full private ownership. ADQ already controls 75.42% of AD Ports Group; the offer targets the remaining 24.58% free float, which AGBI values at roughly AED7.8 billion ($2.1 billion). The tender runs through 3pm UAE time on September 15, 2026, per AD Ports Group's Abu Dhabi Securities Exchange disclosure.

What ADQ Is Offering

ADQ, the wholly owned holding vehicle of Abu Dhabi sovereign investor L'IMAD Holding Company PJSC, is offering AED6.25 ($1.70) in cash for every AD Ports Group share it does not already own, according to the company's August 17, 2026 disclosure to the Abu Dhabi Securities Exchange. ADQ currently holds 75.42% of the ports, logistics and maritime operator; the voluntary conditional offer targets the remaining 24.58% free float. AD Ports Group's board recommended shareholders accept the offer on August 26, 2026, after receiving a fairness opinion from independent financial adviser HSBC.

Why the Price Looks Rich Against Recent Trading

The AED6.25 offer is a 23% premium to AD Ports Group's AED5.10 close on August 14, 2026, a 25% premium to the one-month volume-weighted average price of AED5.02, and a 31% premium to the three-month VWAP of AED4.76, per the company's investor disclosure. It is also roughly 95% above the AED3.20 price at which AD Ports Group listed on the ADX in February 2022. AGBI reports the deal implies a roughly AED7.8 billion ($2.1 billion) payout for the free float; The National puts the full-company implied valuation at about AED31.8 billion.

The Mechanics and Timeline

The tender window opened August 18, 2026, and is scheduled to close at 3pm UAE time on September 15, 2026, with results due the following day, September 16, according to AD Ports Group's disclosure. The offer can be extended by up to 14 days. AD Ports Group has retained HSBC as its independent financial adviser on the offer, The National reported August 21, 2026. The disclosure reviewed for this piece did not specify a minimum acceptance threshold or state whether L'IMAD intends to pursue a delisting if the tender succeeds — that detail is unconfirmed pending the full offer document.

What to Watch

The next confirmed dates are the September 15 tender deadline and the September 16 results announcement; any extension or amended terms would come via a further ADX disclosure. Whether L'IMAD moves to delist AD Ports Group after the tender, and what that would mean for the stock's free float and index weighting, is not yet confirmed and should be treated as an open question until L'IMAD or AD Ports Group states it directly. This is markets journalism, not investment advice; nothing here is a recommendation to buy, sell or hold AD Ports Group shares.