Abu Dhabi Ports Company PJSC

The Abu Dhabi Ports Company PJSC held its Annual General Assembly Meeting on April 18, 2024, from 3 to 4 p.m. at the company's head office and virtually. The meeting was chaired by H.E. Falah Mohammed Falah Jaber Al Ahbabi, and had a quorum of 80.1785%. All ordinary resolutions were approved, including the board of directors' report, external auditors' report, company's balance sheet, and profit and loss account for the financial year ended on December 31, 2023. The board's recommendation of no cash dividends distribution for 2023 was approved, as was the payment of AED 10,902,000 to the board as remuneration. The board and auditors were discharged from liability for their 2023 activities. Deloitte & Touche (ME) were appointed as external auditors for 2024, with a remuneration of AED 2,005,000 plus VAT. Two additional board members, Renzo Bravo Calambrogio and Soren Jensen, were elected.

The Abu Dhabi Ports Company has received nomination applications from two candidates, Renzo Bravo Calambrogio and Soren Jensen, for two additional seats on the board. This is contingent on the General Assembly approving an increase in the number of board members from seven to nine. The information was disclosed by the company's General Counsel, Emil Pellicer, to the Market Operations & Surveillance and Disclosure & Compliance sections of the Abu Dhabi Securities Exchange, with a copy sent to the Securities and Commodities Authority.

The Abu Dhabi Securities Exchange (ADX) announced that the Securities and Commodities Authority (SCA) has approved the request to hold the Annual General Assembly meeting (AGM) of Abu Dhabi Ports Company PJSC on Thursday 18 April 2024, at 3:00pm. The AGM invitation was published in two daily newspapers in English and Arabic on Wednesday 27 March 2024. The AGM invitation and a disclosure regarding AGM proxies and nomination announcement for two board seats were attached.

The Abu Dhabi Securities Exchange (ADX) announced that the Securities and Commodities Authority (SCA) has approved the request to hold the Annual General Assembly Meeting (AGM) of Abu Dhabi Ports Company PJSC on Thursday 18 April 2024, at 3:00pm. The AGM invitation was published in two daily newspapers in English and Arabic on Wednesday 27 March 2024. The AGM invitation and a disclosure regarding AGM proxies and nomination announcement for two board seats are attached.

AD Ports Group has announced the signing of a purchase agreement with Inveco LLC to acquire a 60% stake in the Tbilisi Dry Port, a new rail-connected logistics hub in Georgia. The group will initially invest AED 61 million ($16.5 million) in the project, which is expected to be operational by Q4 2024. The port is a key logistics hub along the Middle Corridor, a trade lane linking Western Asia to Eastern Europe. The project will include facilities such as a container freight station, warehouses, and a car storage park. It will offer significant intermodal logistics capabilities, and will be developed in three phases.

The text pertains to the consolidated financial statements and reports of the Abu Dhabi Ports Company PJSC for the fiscal year ending on 31 December 2023.

On 11 March 2024, the Board of Directors of Abu Dhabi Ports Company PJSC held a meeting via video conference. During the meeting, they approved the company's audited annual financial statements for the financial year that ended on 31 December 2023. The board also invited the company's annual general assembly to convene on 18 April 2024 or any other date agreed by the Securities and Commodities Authority (SCA). The company will publish the agenda for the annual general assembly meeting after obtaining SCA's approval. The board also discussed recent developments related to the company's activities and projects.

The Board of Directors of Abu Dhabi Ports Company PJSC will hold a meeting via video conference on Monday 11 March 2024 at 3 p.m. The agenda includes reviewing the company's audited annual financial statements for the financial year ended 31 December 2023, and discussing general matters related to the company's activities and projects. The information was disclosed by the Market Operations & Surveillance of Abu Dhabi Securities Exchange and the message was signed by Emil Pellicer, the company's General Counsel. A copy of the notice was sent to the Securities and Commodities Authority.

Abu Dhabi Ports Company PJSC has released its preliminary, unaudited results for the fiscal year ending December 31, 2023. The company, established on March 4, 2006, has a paid, subscribed, and authorized capital of 5,090,000,000 ordinary shares of AED 1 each. The Chairman of the Board is H.E. Falah Mohammed Falah Jaber Al Ahbabi and the CEO is Captain Mohamed Juma Al Shamisi. The external audit was conducted by Deloitte & Touche (M.E.). The company can be contacted through their mailing address, telephone, fax, or email.