AD Ports Group has sold a 9.77 percent stake in the dredging company NMDC Group to Alpha Dhabi Holding, an investment holding company, for AED1.6 billion ($436 million). All three companies are listed on the Abu Dhabi Securities Exchange (ADX). The ports operator had received the NMDC stake from Abu Dhabi Developmental Holding Company (ADQ) before […]AD Ports Group has sold a 9.77 percent stake in the dredging company NMDC Group to Alpha Dhabi Holding, an investment holding company, for AED1.6 billion ($436 million). All three companies are listed on the Abu Dhabi Securities Exchange (ADX). The ports operator had received the NMDC stake from Abu Dhabi Developmental Holding Company (ADQ) before […]

AD Ports sells NMDC stake to Alpha Dhabi for $436m

2025/11/27 16:33

AD Ports Group has sold a 9.77 percent stake in the dredging company NMDC Group to Alpha Dhabi Holding, an investment holding company, for AED1.6 billion ($436 million).

All three companies are listed on the Abu Dhabi Securities Exchange (ADX).

The ports operator had received the NMDC stake from Abu Dhabi Developmental Holding Company (ADQ) before listing in February 2022, it said in a statement to ADX.

In less than four years, the stake yielded a shareholder return of 17 percent, based on dividends and capital gains, with its book value as of Q3 2025 used as a reference.

The divestment is the third this year of non-core assets, following the sale of land at Khalifa Economic Zones Abu Dhabi (Kezad) to Mira Developments, and the sale of two logistics warehouses in Kezad to Aldar Properties for AED570 million.

Proceeds from the NMDC transaction will be used to deleverage the group’s balance sheet and to recycle capital into higher-return projects.

Mohamed Juma Al Shamisi, CEO of AD Ports Group, said the company will continue actively to manage its asset base to unlock and maximise value.

Further reading:

  • AD Ports records highest revenue since market debut
  • AD Ports buys $28m PIF stake in Egyptian port operator
  • AD Ports to build community in Abu Dhabi

The stake purchase will increase Alpha Dhabi’s ownership in the NMDC Group to around 77 percent.

The port operator’s share price closed at AED4.35 on Wednesday, down about 15 percent year-to-date. It has a free float of nearly 25 percent, with the remaining stake held by sovereign wealth fund ADQ.

International Holding Company, chaired by national security adviser Sheikh Tahnoon bin Zayed Al Nahyan, owns around 60 percent of Alpha Dhabi, according to ADX data.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42