ADQ-backed Abu Dhabi's AD Ports raises $1b before public market debut

ADQ-backed Abu Dhabi's AD Ports raises $1b before public market debut

IPO

Abu Dhabi’s AD Ports Group, owned by sovereign wealth fund ADQ, said it raised 4 billion dirhams ($1.1 billion) in proceeds from its primary issuance and would list its shares on the bourse on Tuesday.