AD Ports Group achieved revenue growth for the 14th consecutive year in 2021, totalling US$1.06 billion (AED 3.9 billion), compared to US$925 million (AED 3.4 billion) in 2020.
The Abu Dhabi-based terminal operator also reported a record net profit of US$232 million (AED853 million), over US$108 million (AED397 million) during the previous year, which was mainly attributed to the integration of its five business sectors; the economic cities and free zones sector, the ports sector, the logistics sector, the maritime sector, and the digital sector.
Regarding the group’s earnings per share, they were US$0.060 (AED0.22), compared to US$0.027 (AED0.10) in 2020, according to the group’s data.
Captain Mohamed Juma Al Shamsi, managing director and CEO of Abu Dhabi Ports Group, said that in 2021 the group achieved outstanding financial results and succeeded in strengthening its position as the gateway to the global financial community to invest in the fastest-growing economies in the Gulf region.
During the same period, major achievements made by the Abu Dhabi Ports Group that contributed to enhancing its global presence, including the signing of a 35-year concession agreement with CMA CGM Group to develop a new container terminal in Khalifa Port, at a value of US$155 million (AED570 million), as well as the signing of an agreement with Helios Industry for the establishment of an industrial facility estimated at a cost of almost US$1 billion (AED3.67 billion) to produce green ammonia from green hydrogen through a solar power plant.
Among the most prominent financial achievements during 2021, AD Ports highlighted the issuance of bonds worth US$1 billion for a period of 10 years, which were listed on the Abu Dhabi Stock Exchange and the London Stock Exchange.
In addition to launching an initial issuance in February 2022, it attracted new capital, with revenues of more than US$1 billion (AED4 billion), for the purposes of growth and acquisitions.
Meanwhile, the group constituted a major distributor of Covid-19 vaccines in the United Arab Emirates and a supplier of vaccines in more than 60 countries around the world.
