AD Ports Group grows remarkably in transformational 2022

AD Ports Group grows remarkably in transformational 2022

AD Ports Group delivered on its vow to produce remarkable results and extend its international reach in its first year as a publicly traded firm, with 2022 becoming one of the most important years for the company.

The year started with the listing of AD Ports Group’s shares for the first time on Abu Dhabi Securities Market (ADX) and continued with remarkable achievements through to December 2022, when it was honoured to welcome His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to inaugurate the expansion of Khalifa Port. The expansion works position Khalifa Port among the global elite of deep-water ports, with an estimated value of AED20.4 billion ($5.55 billion).

Demonstrating the fruitfulness of AD Ports Group’s bold growth strategy, the group surpassed several key financial records in 2022. By 9M 2022, the Group’s revenue had grown 53% year-on-year to AED1.46 billion; EBITDA increased 52% to AED594 million; and Net Profit soared 77% to reach AED334 million.

Frontier of world trade

Throughout 2022, AD Ports Group has continued to demonstrate its drive to position Abu Dhabi at the frontier of world trade, adding value to stakeholders through the expansion and improvement of services.

The Group has built new strategic relationships within