Abu Dhabi Ports Company PJSC

The Abu Dhabi Securities Exchange (ADX) has been informed by the Abu Dhabi Ports Company PJSC that the Securities and Commodities Authority (SCA) has approved their request to hold a General Assembly meeting. This meeting is scheduled for 3 p.m. on Friday, December 20, 2024. An invitation to the General Assembly meeting will be published in both English and Arabic in two daily newspapers on Friday, November 29, 2024. Attached to the notice is the meeting invitation and a disclosure regarding proxy authorizations for attendance.

The Board of Directors of Abu Dhabi Ports Company PJSC passed a resolution by circulation on Monday, 25 November 2024, at 6 p.m. The resolution involves inviting the company's general assembly to convene on a date that will be agreed upon by the Securities and Commodities Authority (SCA) to discuss the issuance of bonds by the company. The company will announce the date and agenda for the general assembly meeting after obtaining approval from the SCA.

On 21 November 2024, a communication was sent to the Disclosure & Compliance Section at the Abu Dhabi Securities Exchange regarding a decision by the Board of Directors of Abu Dhabi Ports Company PJSC. The Board plans to issue a resolution by circulation on 25 November 2024 at 6 p.m. to invite the company's general assembly to discuss the issuance of bonds. The letter was signed by Emil Pellicer, the General Counsel, and a copy was sent to the Securities and Commodities Authority.

On 11 November 2024, the Board of Directors of Abu Dhabi Ports Company PJSC conducted a meeting via video conference at 5 p.m. During the meeting, they approved the financial statements for the third quarter of the 2024 financial year. The Board also discussed general matters concerning the company's activities and projects. The communication was addressed to the Disclosure & Compliance Section of the Abu Dhabi Securities Exchange and copied to the Securities and Commodities Authority.

The Abu Dhabi Ports Company PJSC has scheduled a Board of Directors meeting on Monday, 11 November 2024, at 5 p.m. via video conference. The agenda includes reviewing and approving the company's financial statements for the third quarter of 2024, considering financing for the company's activities, and discussing general matters related to the company's operations and projects. The notification is addressed to the Market Operations & Surveillance department of the Abu Dhabi Securities Exchange and a copy is sent to the Securities and Commodities Authority. The letter is signed by Emil Pellicer, the General Counsel.

AD Ports Group has signed agreements with two UAE banks to refinance its USD 2.25 billion syndicated loan, resulting in potential savings of up to AED 44 million (USD 12 million) in finance costs over the next 12 months. The new refinancing includes an AED 9.2 billion (USD 2.5 billion equivalent) medium-term facility with a 2.5-year maturity and an AED 1.0 billion (USD 273 million equivalent) short-term facility with a 1.5-year tenor. This move extends the Group's debt maturity to 2026 and beyond, providing greater financial flexibility and positioning the company to benefit from declining interest rates. The refinancing follows the US Federal Reserve's decision to start its interest rate easing cycle. AD Ports Group aims to use bonds as the primary long-term funding vehicle and is rated “A+” & “gcAAA” by S&P and “AA-” with a stable outlook by Fitch.

AD Ports Group has signed agreements with two UAE banks to refinance a USD 2.25 billion syndicated loan at more favorable terms, potentially saving up to AED 44 million (USD 12 million) in finance costs over the next 12 months. The new facilities include a medium-term facility of AED 9.2 billion (USD 2.5 billion) with a 2.5-year maturity and a short-term facility of AED 1.0 billion (USD 273 million) with a 1.5-year tenor. This refinancing aligns with the Group's strategy to utilize bonds for long-term funding and takes advantage of the US Federal Reserve's recent interest rate cuts. The new agreements extend debt maturity to 2026 and beyond, offering greater financial flexibility and lower financing costs. AD Ports Group holds strong credit ratings from S&P and Fitch.

The "Sustainability Report 2023" focuses on accelerating growth while ensuring environmental stewardship, social well-being, and ethical governance.

The 2023 Sustainability Report focuses on accelerating growth while ensuring environmental stewardship, social well-being, and ethical governance.

On 12 September 2024, the Board of Directors of Abu Dhabi Ports Company PJSC held a meeting via video conference at 4:00 p.m. The meeting focused on discussing general matters related to the company's activities and projects. The information was communicated by Emil Pellicer, the General Counsel, and a copy of the notice was sent to the Securities and Commodities Authority.