Abu Dhabi’s advertisement Ports Team has actually obtained Saudi Egyptian Investment firm’s (SEIC) 19 328 percent risk in Alexandria Container & & Freight Handling Business (ALCN), one of Egypt’s largest container incurable operators, in a bargain valued at around EGP 13 24 billion (US$ 279 3 million).
The acquisition marks an additional turning point in AD Ports Team’s development approach in Egypt, strengthening its position as a key facilitator of sell the Mediterranean region. It will enhance the Team’s ability to promote trade circulations on the major East-West profession hallway from Asia through the Center East right into Europe, while additionally sustaining Egypt’s vision for financial diversification and sustainable development.
Advertisement Ports Team funded the transaction via a mix of existing cash and debt.
Because 2022, AD Ports Team has actually invested substantially in Egypt, obtaining Safina BV, a carrier of maritime company and freight services. Additionally, the Group safeguarded multiple long-lasting concessions to develop and operate the US$ 200 million Safaga multi-purpose terminal greenfield task, which will be the very first globally run multi-purpose cargo terminal in Upper Egypt, in addition to developing and running three cruise terminals at the Red Sea ports of Safaga, Hurghada, and Sharm El Sheikh.
The Team additionally authorized a 50 -year sustainable usufruct contract in May 2025 to create and run KEZAD East Port Said, a 20 sqkm industrial and logistics park near the Egyptian seaside city of Port Said at the Mediterranean mouth of the Suez Canal.
Mohamed Juma Al Shamisi, Managing Supervisor and Group CEO, Advertisement Ports Group, commented: “By getting a stake in ALCN, we are expanding our operational footprint in among the globe’s most crucial maritime courses.
“This financial investment supports our efforts to promote trade via this vital corridor, while deepening our partnerships and increasing our financial investments in Egypt. This is totally straightened with the instructions of our wise management to drive financial diversity, strengthen local assimilation, and deliver long-term value for our stakeholders.”
Established in 1984 and noted on the Egyptian Stock Exchange given that 1995, ALCN operates two purposefully situated terminals on the Mediterranean, in Alexandria and El-Dekheilla ports, with a mixed container capability of 1 5 million TEUs and throughput of 1 07 million TEUs, suggesting an exercise rate of about 71 per cent for the fiscal year finishing 30 June 2025
With each other, the two terminals make up around 1 6 kilometres of quay length and are directly linked to Egypt’s nationwide rail network, ensuring seamless multimodal connection for international shipping lines and local profession.
The business’s client base includes global delivery leaders such as Mediterranean Delivery Firm (MSC), Evergreen Marine Company, and Hapag Lloyd AG. In FY 2024 – 25, it reported EGP 8 37 billion (US$ 168 million) in profits and EGP 6 09 billion (US$ 122 million) in readjusted EBITDA.
Muteb Al Shathri, the Performing CEO of the Saudi Egyptian Investment Firm, a Public Investment Fund (PIF) company, stated: “Alexandria Container and Freight Handling Company is just one of our earliest financial investments in Egypt. Over the past two years, the Saudi Egyptian Investment Firm and its companions have strengthened the firm’s governance, set a clear method, and enabled its resources. These efforts have resulted in exceptional success, business expansion, and strong monetary efficiency.
“This purchase reflects the success of the vision and approach of the Saudi Egyptian Investment Firm as a prominent investor in the Egyptian market and as a partner of choice capable of allowing its investments. SEIC will certainly use the proceeds of this deal to go after added encouraging financial investment possibilities in the Egyptian market, reflecting its solid belief in the relevance of the Egyptian market as a lasting and successful financial investment destination.”
Egypt plays a critical function in worldwide business, as the portal in between the Mediterranean and the Red Sea. The Suez Canal takes care of about 12 – 15 per cent of global trade each year, representing nearly 30 per cent of worldwide container traffic, according to The Atlantic Council. ALCN’s procedures in Alexandria region make up around 60 percent of the location’s total container capacity.
The transfer of shares is anticipated to be finished on Monday, 24 November.
