AD Ports Group's subsidiary Noatum acquires majority stake in Egypt's Safina BV, boosting presence in Mediterranean and Middle East regions.

AD Ports Group's subsidiary, Noatum, acquires a majority stake in Egypt's maritime agency and cargo services provider, Safina BV, for Q3 2024. The move solidifies Noatum's presence in the Mediterranean and Middle East regions, leveraging Safina's local expertise and reputation. The acquisition supports AD Ports Group's broader expansion strategy, including recent entries into the Turkish market and concession agreements for managing cruise and Ro-Ro terminals in Egypt.

August 16, 2024
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