AD Ports Group releases 2022 Annual Report with strong financial performance and global expansion

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AD Ports Group unveiled its 2022 Integrated Annual Report with the Abu Dhabi Securities Exchange (ADX) on Tuesday, marking a successful year that included a listing on the ADX, which was heavily oversubscribed. The Group continued to expand its global presence and service offerings while launching new trade routes to enhance global trade connectivity.

With a revenue growth of 41% year-on-year, reaching AED 5.5 billion, the Group reported strong operational and financial performance. Additionally, the Group completed seven MandA transactions with a total value of AED 5.9 billion as part of its ambitious growth strategy.

AD Ports Group’s vertically integrated business model, which includes Economic Cities and Free Zones, Ports, Maritime, Logistics, and Digital Clusters, enabled the Group to make significant contributions to the non-oil GDP of the UAE and Abu Dhabi. Oxford Economics reported that the Group contributed 13% of the UAE’s non-oil GDP and 24% of Abu Dhabi’s non-oil GDP in 2022, creating over 373,000 jobs in the UAE.

AD Ports Group’s Chairman, Falah Al Ahbabi, stated that the Group has firmly established itself as a leading international trade facilitator and a fully integrated provider of global trade logistics and transport solutions. Al Ahbabi added that the Group is well-prepared to expand its business globally, committing to maximizing its contributions to national economic development, job creation, and its standing on the international stage while creating value for its shareholders.

AD Ports Group’s annual report showcased several significant accomplishments, acquisitions, and agreements made in 2022 that extended the Group’s global reach. The Group’s shares yielded over 80% returns for shareholders in the past year, making it one of the top three performing stocks in the region.

Looking forward, AD Ports Group plans to leverage the momentum of its accomplishments in 2022 to deliver continued value to its shareholders. The Group’s strategic focus will be on expanding its global reach and enhancing its operations in vital shipping, logistics, and ports sectors.