Abu Dhabi Ports: No Immediate Plans for a Listing

July 25, 2017

Abu Dhabi Ports has no plans to launch a public sale of shares in the short term, the chief executive of the state-owned company told Reuters on Tuesday. "There are no immediate plans to go public," Mohamed Juma al Shamisi said when asked if the company planned to sell shares and a subsequent listing.
His comments came after Bloomberg News reported that Abu Dhabi Ports is considering an initial public offering, joining a growing list of state entities in the United Arab Emirates seeking to sell shares, citing people familiar with the matter.
(Photo: Abu Dhabi Ports)
(Photo: Abu Dhabi Ports)
Abu Dhabi Ports is the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate.
Last month it signed a 35-year concession to develop and manage the Port of Fujairah, located on the United Arab Emirates' east coast.


(Reporting by Stanley Carvalho; editing by Susan Thomas)

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