UAE’s L’imad Offers to Delist AD Ports at $8.66 Billion Value

Abu Dhabi wealth fund L’imad Holding is offering to buy out minority shareholders in the city’s port operator valuing the firm at 31.8 billion dirhams ($8.66 billion), in a move...

By Laura Gardner Cuesta and Dinesh Nair · Bloomberg Markets

Abu Dhabi wealth fund L’imad Holding is offering to buy out minority shareholders in the city’s port operator valuing the firm at 31.8 billion dirhams ($8.66 billion), in a move that could reverse the emirate’s recent push to bring more strategic holdings to public markets.