Investors
Portfolio companies with public securities
Through
transitioning portfolio companies to public markets, ADQ aims to drive
best-practice corporate governance and greater transparency, as well as
access to global capital markets.
Our portfolio of companies
with public securities currently spans six of our eight economic clusters.
| Company | Ticker symbol | ADQ shareholding | Market capitalization* | (in USD equivalent) | Fitch | Moody's | S&P |
|---|---|---|---|---|---|---|---|
|
ADX: TAQA | 90.0% | ~USD 102.83bn | USD 10.80bn | AA | Aa3 | - |
 |
ADX: EMSTEEL | 87.5% | ~USD 2.49bn | - | - | - | - |
|
ADX: ADPORTS | 75.4% | ~USD 5.83bn | USD 1.00bn | AA- | - | A+ |
|
ADX: AGTHIA | 62.9% | ~USD 0.97bn | - | - | - | - |
 |
ADX: ADAVIATION | 59.5% | ~USD 1.74bn | - | - | - | - |
 |
ADX: PUREHEALTH | 43.9% | ~USD 9.07bn | - | - | - | - |
.svg) |
DFM: ARAMEX | 40.45% | ~USD 1.1bn | - | - | - | - |
 |
ADX: E7 | 39.8% | ~USD 0.87bn | - | - | - | - |
 |
ADX: LULU | Indirect via ADQ’s 20.0% ownership in LIHL, which holds 70.0% of Lulu Retail | ~USD 3.49bn | - | - | - | - |
|
N/a | 100% | N/a | USD 0.60bn | A+ | - | - |
 |
N/a | 100% | N/a | USD 0.30bn | A | A1 | - |
|
N/a | 45.0% | N/a | USD 2.20bn | - | - | BBB+ |
1.Source: ADX and
Management Information. All data as of 05 August 2025. Note that ADQ consolidated
financial statements are prepared in accordance with IFRS, on the historical cost basis
except for certain financial assets, financial liabilities and pension liabilities.
2.Shareholding of ADQ’s wholly owned indirect subsidiary Q Logistics
Holding LLC. ADQ’s portfolio company AD Ports Group holds an additional 22.69%.
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Base Prospectus April 2025
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ADQ’s Sustainable Finance Framework
In alignment with globally acknowledged principles and taxonomies, ADQ’s Sustainable Finance Framework was established in September 2023 and sets out eligible categories with environmental and/or social benefits, under which ADQ may raise sustainable financing. The Framework was assigned the second highest rating (SQS2 – Very Good) by Moody’s Investors Service who provided the Second Party Opinion.
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