Abu Dhabi Ports Company PJSC

AD Ports Group's digital arm, Maqta Gateway, and the Aqaba Development Corporation (ADC) have signed a shareholders' agreement to digitalise Jordan's maritime sector via their joint venture company, Maqta Ayla. Maqta Gateway will own 51% of Maqta Ayla and ADC will own 49%. The company will implement a Port Community System (PCS) to improve communications and transactions between the Ports of Aqaba and its stakeholders. The system is expected to be operational within a year, potentially reducing carbon emissions by the equivalent of 90,000 in-person visits. The Ports of Aqaba handle 80% of Jordan's exports and 65% of its imports.

AD Ports Group has announced that Noatum Terminals, part of Noatum Group, has acquired 100% ownership of APM Terminals Castellón in Spain for EUR 10 million. The acquisition, which has received all necessary approvals, will take effect immediately. The deal bolsters Noatum Terminals' position in the Western Mediterranean region and is part of its strategy to consolidate its presence in Spain. With this acquisition, Noatum's combined capacity at Castellón is 250,000m2 with an annual capacity to handle 250,000 TEUs, representing about 70% of the Port of Castellón's container volume capacity. This will enable Noatum Terminal Castellón to expand its operational capacity for bulk, general cargo, and container processing.

The Abu Dhabi Ports Company PJSC has responded to a report by Reuters, dated 18th December 2023, about the company nearing a deal to buy a stake in a Turkish port. The company states that it does not comment on media speculation or market rumors. It assures that it will make appropriate disclosures to the market if any projects or investments are finalized, in accordance with market regulations.

AD Ports Group, in partnership with KazMorTransFlot, has expanded its shipping operations in Kazakhstan with the acquisition and commencement of operations of two new oil tankers. These vessels, named Liwa and Taraz, will transport Kazakhstan's oil across the Caspian Sea, contributing to the diversification of transportation routes for oil for onward delivery globally. The tankers, which represent a combined investment of USD 35 million, are equipped with inert gas systems in line with modern safety standards. They were acquired under AD Ports Group's joint venture with KazMorTransFlot, Caspian Integrated Maritime Solutions, to provide shipping services for commodity exporters in the Caspian.

AD Ports Group reported a record Q3 2023 with a net profit of AED 403 million, a 20% increase year-on-year (YoY). Revenue grew by 189% YoY to AED 4.24 billion, primarily driven by the consolidation of Noatum, as well as the Maritime & Shipping and EC&FZ clusters. EBITDA increased 28% YoY to AED 759 million, resulting in an EBITDA margin of 17.9%. The company also saw strong volume growth across various sectors, with a significant increase in Ro-Ro volumes (+651% YoY). New land leases and warehouse leases also saw growth, while freight rates have normalized close to pre-COVID19 levels. Despite a temporary deterioration in working capital, the Group expects its operating profitability to rebalance in the future.

The text appears to be a review report and condensed consolidated financial information for Abu Dhabi Ports Company PJSC. The report covers a nine-month period ending on 30th September 2023. The document is likely to contain financial performance details and other relevant financial data for this period.

On 14th November 2023, the Board of Directors of Abu Dhabi Ports Company PJSC held a meeting where they approved the company's financial results for the third quarter of the financial year 2023. The Board also discussed recent developments related to the company's activities and projects. The meeting took place at the company's offices at 3 pm.

The Board of Directors of Abu Dhabi Ports Company PJSC has announced a virtual meeting scheduled for 14 November 2023 at 3 pm. The meeting, to be held via video conference, will focus on approving the company's Q3 financial statements for the fiscal year 2023 and discussing other general matters related to the company's activities and projects. The announcement was made by the company's General Counsel, Emil Pellicer.