AD Ports Group Board Approves Merger Of Kezad Communities With Al Eskan Al Jamae
ABU DHABI PORTS COMPANY PJSC 31NN:
BOARD APPROVES MERGER OF ITS SUBSIDIARY KIZAD COMMUNITIES DEVELOPMENT AND SERVICES COMPANY WITH AL ESKAN AL JUMAI
MERGER TO CREATE A MERGED WORKERS’ RESIDENTIAL CITY OPERATOR WITHIN EMIRATE OF ABU DHABI
TOTAL EQUITY VALUE OF COMBINED ENTITY AMOUNTS TO AED 7.1 BILLION WITH MAJORITY OWNED BY ABU DHABI PORTS CO
TRANSACTION WOULD BE EFFECTED THROUGH AN EQUITY SHARE SWAP WITH NO CASH EXCHANGE