AD Ports announces merger of KEZAD Communities with Al Eskan Al Jamae

AD Ports announces merger of KEZAD Communities with Al Eskan Al Jamae

AD Ports Group, the leading facilitator of trade, logistics, and industry, has announced the merger of KEZAD Communities with Al Eskan Al Jamae (EAJ) in order to create Abu Dhabi’s largest integrated staff accommodation company in which AD Ports Group will retain a controlling majority stake.

The combined entity will have an equity value of approximately $1.9 billion (AED7 billion), positioning it as one of the largest such businesses in the UAE.

According to the company, this transaction would be effected through an equity share swap with no cash exchange.

KEZAD Communities is part of the Khalifa Economic Zones Abu Dhabi, KEZAD Group, under AD Ports Group’s Economic Cities & Free Zones. KEZAD Communities’ business dates back to 2005 and was operated previously under ZonesCorp.

EAJ, a leading staff accommodation owner and operator in Abu Dhabi, is a real estate development and management company that owns and operates ICAD Residential City in Mussafah, Abu Dhabi.

Abdullah Al Hameli

CEO – Economic Cities & Free Zones

AD Ports Group “KEZAD Group continues to look for opportunities to leverage our assets and fully support the growth of priority industrial sectors in line with the vision of our wise leadership. This merger with EAJ significantly expands the number of staff