ADQ moves to take AD Ports Group private, buying out the quarter it doesn’t already own

L’imad is moving to fully absorb AD Ports Group, offering to buy out the 24.58% of the ports and logistics operator that ADQ doesn’t already own. The wholly-owned ADQ subsidiary, which holds 75.42% of AD Ports Group, is offering AED 6.25 per share in cash — a 23% premium to the stock’s last ADX close of AED 5.10, and a 95% premium to the AED 3.20 IPO price AD Ports Group listed at back in February 2022, The National reports.

REMEMBER- AD Ports is gearing up for an acquisition spree: AD Ports has AED 5.89 bn in undrawn credit facilities, including an accordion option, to close its pending buys — Brazil’s CLI agri-bulk terminal operator for an enterprise value of AED 3.1 bn (expected to close by the end of 3Q 2026) and Germany’s MBS Logistics for AED 300 mn (expected in 4Q 2026).

Taking the port operator private would give AD Ports more room to maneuver without public scrutiny as Abu Dhabi, Riyadh, and other governments embark on what we think will be a decade-long drive to invest in infrastructure, defense, and AI in the wake of the ongoing US-Iran war.

Another Iraq contract, another Egyptian player

Egyptian Maintenance Company (EMC) — commercially known as San Masr — landed a USD 18.6 mn Iraq contract, securing Italy’s Eni tender to supply electrical equipment for Iraq’s Zubair oilfields over three years, according to a company statement. The award adds to a growing pipeline of overseas work for Egyptian engineering and petroleum-services companies, especially in Iraq — which emerged as the top destination for Egyptian corporates' outward FDI in 2025.

UAE’s solar diplomacy in Africa

Abu Dhabi-based Global South Utilities (GSU) completed the largest infrastructure project in the Central African Republic’s history — a 50-MW solar plant that is set to lift the country’s power generation capacity by more than 60% and supply electricity to over 300k households, state news agency Wam reports. The Saka plant, which pairs the 50-MW solar array with a 15-MWh battery storage system, went from groundbreaking to inauguration in 10 months, and was backed by concessional financing coming from the Abu Dhabi Fund for Development.

Part of a wider GSU push in the continent: GSU delivered a 50-MW plant in Chad last September and is targeting 750 MW of operational solar-plus-storage capacity by 2027. It’s also building a 50-MW plant in Madagascar.