Adani Ports and Special Economic Zone Limited — Important, 12-02-2025: General Updates

Adani Ports and Special Economic Zone Limited has incorporated a joint venture, Al Annabi Marine Services, in Qatar with Sea Horizon Offshore Marine Services and Mr. Jamal A. Rab A M Al Yafei. AHSL, a wholly owned subsidiary, holds a 49% stake in the venture. Al Annabi is structured with an authorized and paid-up share capital of 100 ordinary shares, each valued at Qatari Riyal 1,000. The joint venture will engage in ships' operations and management, although it has yet to commence business operations. The joint venture aims to enhance APSEZ’s operational capabilities in the marine sector, presenting potential growth opportunities moving forward. Investors should monitor this development as it could positively influence APSEZ's market positioning and diversify its service offerings.