Abu Dhabi / WAM AD Ports group on Friday announced that it has acquired Noatum, a global integrated logistics platform with a presence in 26 countries and LTM revenue and Ebitda of AED6.91 billion and AED555 million, respectively. The total purchase consideration (enterprise value) for 100 percent ownership amounts to AED2.5 billion, implying an LTM EV/Ebitda of 4.6x. This value ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Sultan Haitham bin Tariq Al Said of Oman on the occasion of his country’s 52nd National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, sent a ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has partnered with Abu Dhabi Islamic Bank (Adib), Wio Bank, and Rakbank to facilitate knowledge sharing on latest banking developments and support small and medium-sized enterprises (SMEs) with access to key financial services. The announcements were made during the first edition of Abu Dhabi ...