Abu Dhabi Ports sees strong debut after billion-dollar IPO


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Tue, 2022-02-08 13:50

RIYADH: Shares in Abu Dhabi Ports surged 17 percent on its market debut on Abu Dhabi’s stock exchange, ADX.

The stock price of the company, known to be one of the leading logistics facilitators in the region, reached 3.75 dirhams ($1.02) on Tuesday, according to Bloomberg.

Even as the shipping sector got hit by supply chain snags, the Abu Dhabi-based port operator earlier struck a billion-dollar initial public offering, raising 4 billion dirhams.

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