Latest news with #CaptainMohamedJumaAlShamisi
Arabian Business
20-05-2025
- Business
- Arabian Business
AD Ports Group, Burjeel Holdings launch new healthcare logistics venture DOCKTOUR
AD Ports Group and Burjeel Holdings have launched a joint venture, DOCKTOUR, to deliver healthcare logistics services across Africa. The announcement took place at the 'Make it in the Emirates' event. The unveiling was held at the Burjeel Holdings booth, in the presence of Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, and Dr. Shamsheer Vayalil, Founder and Chairman of Burjeel Holdings. DOCKTOUR is a supply chain platform that integrates logistics, modular infrastructure, training, and emergency response. UAE firms unite to deliver medical infrastructure across Africa through DOCKTOUR It will support Burjeel Holdings' subsidiary Operonix and will be backed by AD Ports Group's logistics infrastructure and market access in Africa. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: 'DOCKTOUR is about delivering impact where it's needed most. By combining our logistics strength with Burjeel's medical excellence, we are building a platform that can truly transform how healthcare is delivered in Africa. This is a practical, scalable solution to a growing need, and a reflection of our shared commitment to supporting resilient, community-focused healthcare systems across Africa, in line with our wise leadership vision.' DOCKTOUR will streamline supply chains and enable the deployment of container-based hospitals and clinics, field hospitals, and other facilities. It will also explore setting up medical offices in AD Ports Group's African locations, offering logistics services and supporting medical tourism. Dr. Shamsheer Vayalil, Founder and Chairman of Burjeel Holdings, added: 'DOCKTOUR represents a new model of impact. It's a full-spectrum platform that integrates advanced clinical systems with logistics capability and operational scale. Our aim is to bring care, along with stability, readiness, and partnership, to the regions that need it most.' In line with the UAE's humanitarian goals, DOCKTOUR will support emergency response, deliver healthcare supplies, and provide clinical training. It will also implement data-driven logistics systems to reduce delays. The joint venture will engage with governments, regional health authorities, and humanitarian agencies. Through partnerships with national health ministries and NGOs, it will support disease response, recovery programmes, maternal and child care, immunisation, and mobile health education. Africa's growing population and projected GDP growth through 2027 have made the region a key focus for both entities. The venture aims to meet healthcare needs while contributing to long-term development. The name DOCKTOUR combines the words 'Dock', 'Tour', and 'Doctor', reflecting the project's purpose of delivering healthcare using AD Ports Group's fleet of vessels, terminal network, and logistics capabilities.
Gulf Business
11-05-2025
- Business
- Gulf Business
AD Ports Group Q1 profit rises 16% as core clusters drive double-digit revenue growth
image: AD Ports Group AD Ports Group reported a 16 per cent year-on-year rise in net profit to Dhs464m in Q1 2025, as its Ports, Economic Cities & Free Zones (EC&FZ), and Maritime & Shipping clusters continued to deliver strong operational performance. Group revenue rose 18 per cent year-on-year to Dhs4.60bn, supported by robust contributions from the three core clusters. EBITDA grew 9 per cent to Dhs1.14bn, with margins slightly narrowing to 24.7 per cent from 26.7 per cent in Q1 2024. Earnings per share increased 14 per cent to Dhs0.07. Capital expenditure in the quarter reached Dhs954m, down from Dhs1.28bn in Q1 2024, as capex intensity declined to 21 per cent of revenue, compared to 33 per cent in the same period last year. Operating cash flow stood at Dhs725m, slightly below the previous year, primarily due to timing of collections. Free cash flow to the firm was negative Dhs173 million. 'The positive momentum from our record 2024 financial results continued into the first quarter of 2025,' said Captain Mohamed Juma Al Shamisi, MD and group CEO of AD Ports Group. 'Our value-adding business ecosystem weathered prevailing macroeconomic and geopolitical uncertainties to drive strong, double-digit growth in revenue and net profit.' The group maintained a stable net debt to EBITDA ratio of 3.4x, compared to 3.3x at the end of 2024, supported by a strong liquidity position. AD Ports Group leverages new partnerships and international expansion AD Ports continued its international expansion during the quarter, including: A 51 per cent joint venture to develop a grain terminal at Kuryk Port in Kazakhstan. The start of port and logistics operations at Luanda Port in A 50-year land lease with Al Ain Mills for a 300,000-metric-tonne grain facility at Khalifa Port South Quay. A joint venture with CMA CGM Group (49 per cent ownership) to develop a multipurpose terminal at Pointe Noire in the Republic of Congo. A contract to manage and operate Al Madouneh Customs Centre in Amman, Jordan, integrating AI, blockchain, and IoT logistics. The group also entered marine services and fleet optimisation through a 70 per cent-owned JV with Arab Shipbuilding & Repair Yard Company (ASRY) in Bahrain, and a 50 per cent-owned JV with Columbia Group to launch an AI-powered digital platform for third-party vessel optimisation. Other major developments included the start of Al Faya Dry Port operations between Abu Dhabi and Dubai, and lease agreements in KEZAD for sustainable polymer and food manufacturing facilities. Geopolitical resilience and green shipping Despite ongoing geopolitical volatility in the Red Sea and evolving US tariff policies, The Red Sea disruptions have positively impacted the group's container shipping business, while current US tariff shifts have had a minimal effect. The group also ramped up its ESG and decarbonisation efforts, including investments in electric tugboats, LNG-powered Ro-Ro vessels, and LNG bunkering services at Khalifa Port, with its first ship-to-ship operation completed in April. The company said it will continue to prioritise investment in resilient infrastructure across Ports and Economic Cities & Free Zones, supported by its maritime, logistics, and digital capabilities.
Arabian Business
09-05-2025
- Business
- Arabian Business
AD Ports Group's Q1 revenue grows 18% and total net profit 16%
Driven by the continuing success of its Ports, Economic Cities & Free Zones (EC&FZ), and Maritime & Shipping clusters, AD Ports Group reported impressive double-digit growth from top-line to bottom-line in its financial results for the first quarter (Q1) of 2025. AD Ports Group reported an 18 per cent year-on-year (YoY) increase in revenue, reaching AED4.6 billion (US$1.25 billion), while total net profit grew 16 per cent to AED464 million (US$126.4 million). Strong Q1 growth reported EBITDA was up 9 per cent YoY to AED1.14 billion (US$310.6 million). This included a 17 per cent increase in Ports, a 10 per cent increase in Maritime & Shipping, and a 7 per cent increase in Economic Cities & Free Zones. Group EBITDA margin stood at 24.7 per cent for the reported quarter. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, commented: 'The positive momentum from our record 2024 financial results continued into the first quarter of 2025, as our resilient and value-adding business ecosystem of interrelated trade, transport, and logistics businesses weathered prevailing macroeconomic and geopolitical uncertainties to drive strong, double-digit growth in revenue and net profit. 'The Q1 solid growth was driven by our Ports, Economic Cities & Free Zones, and Maritime & Shipping clusters, which continue to benefit from our agile response to ongoing geopolitical crises and our ongoing investments in core infrastructure amidst our international expansion. 'In line with the vision of our wise leadership in the UAE, we will continue to follow this prudent, profit-enhancing 'intelligent internationalisation' strategy this year as we carefully navigate the turbulence around us to maintain course and position of AD Ports Group, and Abu Dhabi, as world leaders in sustainable trade, transport, logistics, and economic development, drawing on the latest AI and technology innovations.' There was a marginal increase in total debt, but AD Ports maintained a strong liquidity position, with net debt/EBITDA at a stable 3.4x, compared to 3.3x at the end of 2024. Operating cash flow was slightly down, impacted by the timing of collections, which led to unfavourable working capital changes. It was at AED725 million (US$197.5 million) in Q1 2025, compared with AED781 million (US$212.8) in the same period in 2024. While visibility on the global macroeconomic front continues to be challenging (Red Sea/US tariffs), AD Ports Group said it was 'well positioned geographically and through its holistic five-cluster integrated business ecosystem, and its asset base and service offering, to deal with the ongoing unpredictable environment. 'The Red Sea disruptions continue to impact positively the Group's container shipping business while the evolving US tariff policies have had (and are expected to have) an immaterial effect based on the announcements that have been made so far,' the company said in its filing with Abu Dhabi Securities Exchange (ADX).
