AD Ports raises $177m from warehouse sale to Aldar

AD Ports Group has sold three warehouses in Kezad Logistics Park in Abu Dhabi as part of its real estate monetising strategy.

The warehouses, with a combined leasable area of 161,000 square metres, were sold to Abu Dhabi developer Aldar for AED650 million ($177 million), the ports operator said in a statement to the Abu Dhabi Securities Exchange (ADX).

The latest sale is the second warehouse asset sale between the two companies, following Aldar’s acquisition of two built-to-suit warehouses in November 2025 for AED570 million.

It is also the second transaction this year under the group’s asset optimisation programme, following the January sale of Kezad Logistics Park (KLP Free Zone 3) to Mair Group for AED295 million. 

In 2025, AD Ports generated AED 4.6 billion from asset monetisation, the statement said.

The company reported a 20 percent year-on-year increase in revenue to AED21 billion in 2025, while net profit rose 16 percent annually to AED2.1 billion.

AD Ports is 75.42 percent owned by ADQ, a unit of L’imad, an Abu Dhabi sovereign investment holding company.

The port operator’s shares fell 3 percent to close at AED4.13 on Thursday, down 13 percent year to date.

Aldar shares closed nearly 0.5 percent lower at AED8.18 on Thursday and are down nearly 6 percent so far this year.

Abu Dhabi conglomerate International Holding Company owns 33.61 percent of Aldar, according to the developer’s 2024 annual report.

Further reading:

• AD Ports in talks to lease Egypt’s Red Sea oil storage
• AD Ports refinances $2.5bn loan with two UAE banks
• AD Ports net profit rises 16% to $572m