AD Ports Group is reshaping its funding structure after striking a refinancing agreement worth 9.175 billion UAE dirhams (about $2.5 billion) with two leading UAE banks. The move is aimed squarely at trimming financing costs while keeping future borrowing options wide open.
The new facility, arranged with First Abu Dhabi Bank PJSC and Emirates NBD Capital Limited, runs for three years and is scheduled to mature in March 2029. Built into the deal is an additional accordion option of AED 3 billion, giving the group room to expand the borrowing if needed.
Beyond lowering costs, the refinancing is designed to buy time. The company signaled that the arrangement offers flexibility to return to debt capital markets later, with bonds expected to become the primary vehicle for long-term funding. In other words, the group is positioning itself to pivot toward capital markets once conditions align.
The fresh loan replaces a shorter-term facility secured in September 2024 that carried a 2.5-year maturity. By extending the timeline, AD Ports Group appears to be smoothing its debt profile while keeping strategic financing doors open. ⚓💼📊
