AD Ports Group’s digital arm, Maqta Gateway has acquired a 60% equity stake in Dubai Technologies, a Dubai-based developer of trade and transportation solutions.
The acquisition, valued at US$7.6 million, comes on the heels of Maqta Gateway’s robust financial performance in FY2023, with revenues hitting around US$20 million and EBITDA standing at US$2.3 million approximately.
“In line with the vision of our wise leadership, we at AD Ports Group have long realised the significance of keeping pace...