Abu Dhabi's AD Ports Group opens at 3.5 dirhams a share on debut

CTF Services

08/02/2022 06:22

DUBAI, Feb 8 (Reuters) - Abu Dhabi's AD Ports Group
 ADPORTS.AD  opened at 3.5 dirhams ($0.9530) a share in its
debut on the Abu Dhabi Securities Exchange on Tuesday. 
    The company, which operates ports, logistics and industrial
zones, said this month it had raised proceeds of 4 billion
dirhams from the primary issue.  urn:newsml:reuters.com:*:nL8N2UI2KZ
    Abu Dhabi conglomerate IHC  IHC.AD  has taken a stake of
7.4% stake in AD Ports Group, it said the day before the
listing, acquiring 375 million shares worth 1.2 billon dirhams.
 urn:newsml:reuters.com:*:nL4N2UI32N 
($1=3.6726 UAE dirham)

 (Reporting by Hadeel Al Sayegh; Editing by Clarence Fernandez)
 ((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))