AD Ports Group Sells 9.77% Stake In NMDC Group To Alpha Dhabi Holding For AED 1.6 Bln

About this update from Abu Dhabi Ports Company Pjsc

ABU DHABI PORTS COMPANY ADX:ADPORTS:SELLS 9.77% STAKE IN NMDC FOR AED 1.6 BILLIONSELLS 9.77% STAKE IN NMDC GROUP TO ALPHA DHABI HOLDINGWITH PURCHASE OF AD PORTS GROUP’S STAKE, ALPHA DHABI’S STAKE IN NMDC GROUP, WILL INCREASE TO APPROXIMATELY 77%PROCEEDS FROM NMDC TRANSACTION, WILL BE USED TO DE-LEVER GROUP’S BALANCE SHEET AND RECYCLE INTO HIGHER RETURN PROJECTS

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