Lunate has formally launched a conditional voluntary cash tender offer through its wholly owned subsidiary Abu Dhabi Developmental Holding Company to buy the 24.58% of Abu Dhabi Ports Group it does not already own, offering AED 6.25 a share. The offer opened on August 18, 2026 and is due to close at 3:00 PM on September 15, 2026 unless extended, with the price representing a 23% premium to the August 17 close, a 25% premium to the one-month volume-weighted average price, a 31% premium to the three-month volume-weighted average price, and a 95% premium to the AED 3.20 subscription price from the company's February 2022 listing. If completed, the deal would return the strategic ports and logistics operator to full sovereign ownership and allow a delisting from the Abu Dhabi Securities Exchange, which Lunate says would give the company more flexibility to fund infrastructure, expansion, acquisitions and operational transformation outside the short- and medium-term earnings and distribution expectations of public markets.