Alpha Dhabi Holding PJSC has increased its stake in NMDC Group to 76.68 per cent following the acquisition of 82.5 million shares from AD Ports Group in a transaction valued at AED1.6 billion.
The deal reinforces Alpha Dhabi’s position as a leading player in the UAE’s industrial landscape and underlines its commitment to supporting Abu Dhabi’s economic diversification and sustainability agenda.
Alpha Dhabi raises NMDC stake
The acquisition, representing 9.77 per cent of NMDC Group’s issued share capital, aligns with Alpha Dhabi’s broader strategy of investing in high-impact industrial sectors that contribute to national growth and innovation.
The move comes as the group deepens its focus on fostering an inclusive, knowledge-based economy that empowers local talent and supports environmental responsibility.
Eng. Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, said: “This milestone acquisition underscores our commitment to investing in high-impact industrial verticals that support Abu Dhabi’s diversity and inclusion agenda. Our strategy is rooted in identifying scalable opportunities that align with national priorities and global trends, ensuring that industrial growth is matched by environmental responsibility and the empowerment of all segments of our society.”
Captain Mohamed Juma Al Shamsi, Managing Director and Group CEO of AD Ports Group, commented: “This agreement with Alpha Dhabi is a result of the Group’s durable commitment to intelligently managing its assets and value creation strategies, with the proceeds strengthening the Group’s financial position and capital structure. Under the wise guidance of our leadership in the UAE, AD Ports Group is focused on efficiently managing its asset portfolio, and deploying its financial strengths, to increase shareholder value and fulfil our primary mission of enabling trade.”
NMDC Group continues to deliver strong performance, with revenues rising 11 per cent year-on-year to AED20.5 billion and net profit climbing 26 per cent to AED2.8 billion for the first nine months of 2025.
The group’s backlog reached AED62.3 billion as of September 2025, driven by robust project awards worth AED17.7 billion across domestic and international markets.
Among its recent achievements, NMDC expanded into the Philippines with a AED2.2 billion project in Manila Bay, secured a AED382 million marina project in Salalah, Oman, and won a AED4.2 billion EPC contract in Taiwan for a subsea gas pipeline.
The group also maintains its AA ESG rating from MSCI for the second consecutive year.
Follow us on
