Return to double-digit spot rate gains looms with new FAK hikes and surcharges
As expected after last week’s surge in spot rate levels, this week saw more modest ...
The port industry has welcomed a newly-listed operator after Abu Dhabi Ports (ADP) completed its partial initial public offering and began trading on the Abu Dhabi Exchange (ADX) today.
ADPORTS shares on the ADX debuted at AED3.2 ($0.87) per share and had gained about 16% by mid-morning to AED3.72.
Formally 100% controlled by the state-owned by Abu Dhabi Development Fund (ADQ), just under 25% of ADP’s stock is now free to trade following a pre-listing primary issuance that raised AED4bn ($1.08bn).
The deal ...
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