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Maqta Gateway Acquires Majority Stake in Dubai Technologies

Newsroom Editor by Newsroom Editor
February 9, 2024
in Tech
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AD Ports Group has announced that Maqta Gateway, its digital arm and enabler of cutting-edge trade digitalisation solutions, has acquired a 60% equity stake in Dubai Technologies, a trade and transportation solutions’ developer headquartered in Dubai.

The total purchase consideration for the 60% shareholding amounts to US$7.6 million. The company’s FY2023 financial performance recorded revenues of US$17 million and EBITDA of AED 8.4…



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Tags: AcquiresAD Ports Groupdigital tradeDubai TechnologiesMaqta Gateway
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