$ 2.6 billion ..3 major deals on the shares of "Al-Alamiah Holding"

Today, Monday, the Abu Dhabi Securities Market witnessed the execution of large deals on “Al-Alamiya Holding” shares, at a value of 9.5 billion dirhams.

According to market data, 3 deals were executed with a total of 23.7 million shares, at a price of 400 dirhams per share.

 Today, Monday, March 6, 2023, the Abu Dhabi Securities Market data showed that 3 major transactions were carried out on the shares of the International Holding Company.

23.78 million shares

The deals were executed on 23.78 million shares of Al Alamiah Holding, with a value of approximately 9.5 billion dirhams (equivalent to 2.6 billion dollars).

This brings the total number of major deals executed on Al Alamiah Holding shares since the beginning of the year to 5 deals, with a value of about $3.8 billion.

In this regard the subscription period begins on March 13, 2023 and ends on March 17, 2023. It is expected that trading in Presite shares will begin in the primary market on the Abu Dhabi Securities Exchange on March 27, 2023.

partnership with SEG Enera Group

On a connected level, Today, Monday, March 6, 2023, Abu Dhabi Ports Group announced a partnership with SEG Enera Group, one of the largest holding companies in Uzbekistan, to establish a joint venture.

In a statement, Abu Dhabi Ports stated that the new project, "ADL-Ulanish", aims to provide integrated global logistics services in Uzbekistan, noting that it will contribute, through its expertise in the field of logistics services to the global supply chain and its advanced technologies, in addressing the logistical challenges faced by companies in the region Uzbekistan.

Uzbekistan market operating in a number of sectors

It indicated that it will cooperate with “SEG Enera” through the joint venture to meet the commercial needs of “SEG Enera” and other dealers in the Uzbekistan market operating in a number of sectors, including logistics services for industrial projects, oil and gas, e-commerce, and health care, and medications.

The new ADL-Ulanish company will provide a variety of advanced services that include freight forwarding, air and land logistics, warehousing, customs clearance, as well as the development of inland container depots and dry ports.

Farouk Al-Zeer, Chairman of the Board of Directors of the Logistics Sector, Abu Dhabi Ports Group, said that the launch of the “ADL-Ulanish” company provides a platform that allows us to expand our logistics portfolio and enhance our services in the main market of Uzbekistan, located in the Central Asian region, which is on the path to achieving tangible future growth.