AD Ports Group has acquired Saudi Egyptian Investment Company’s (SEIC), a PIF company, 19.328 per cent equity stake in Alexandria Container & Cargo Handling Company (ALCN) in a deal valued at approximately EGP 13.2 billion ($278 million).
The acquisition marks a significant milestone in AD Ports Group’s expansion strategy in Egypt. The investment aims to enhance AD Ports Group’s ability to facilitate trade flows along the main East–West corridor connecting Asia, the Middle East, and Europe, while advancing Egypt’s vision for economic diversification and sustainable development.
The transaction also aligns with SEIC’s strategy to increase the value and competitiveness of its portfolio companies, generate long-term market impact, and redeploy capital towards new high-potential opportunities in Egypt.
SEIC’s investment in ALCN since August 2022 has elevated ALCN’s operational efficiency and business growth, with the company recording a 194 per cent increase in total operating revenue between FY 2022 and FY 2025.
ALCN operates two strategically located terminals on the Mediterranean, in Alexandria and El-Dekheilla, with a combined capacity of 1.5 million TEUs, throughput of 1.07 million TEUs, and a utilisation rate of about 71 per cent in FY 2025.
Together, the terminals comprise approximately 1.6 kilometres of quay length and are directly connected to Egypt’s national rail network, ensuring seamless multimodal connectivity for international shipping lines and regional trade.
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Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “By acquiring a stake in ALCN, we are expanding our operational footprint in one of the world’s most critical maritime routes.
“This investment supports our efforts to facilitate trade through this vital corridor, while deepening our partnerships and expanding our investments in Egypt. This is fully aligned with the directives of our wise leadership to drive economic diversification, strengthen regional integration, and deliver long-term value for our stakeholders.”
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Muteb Al Shathri, Acting CEO of the Saudi Egyptian Investment Company (SEIC), stated: “SEIC continues to explore high-quality investment opportunities in promising sectors within the Egyptian market and to build long-term economic and strategic partnerships that create a positive impact on both the Egyptian and Saudi markets by driving growth and delivering sustainable returns.
“Alexandria Container and Cargo Handling Company is one of our earliest investments in Egypt. Over the past two years, the Saudi Egyptian Investment Company and its partners have strengthened the company’s governance, set a clear strategy, and enabled its resources. These efforts have resulted in remarkable success, business expansion, and strong financial performance.”
Earlier this week, AD Ports Group and CMA CGM Group agreed to expand their joint container terminal at Khalifa Port — an early move driven by strong demand less than a year after the facility opened.
For more information:
AD Ports Group – https://www.adportsgroup.com/
