AD Ports Group buys 19.3% stake in Alexandria Container & Cargo Handling

AD Ports Group on Thursday acquired Saudi Egyptian Investment Company’s (SEIC), a PIF company, 19.328% equity stake in Alexandria Container & Cargo Handling Company (ALCN), one of the largest container terminal operators in Egypt, in a deal valued at approximately EGP13.2 billion.

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The acquisition marks a significant milestone in AD Ports Group's expansion strategy in Egypt. AD Ports Group, a leading enabler of global trade, logistics and industry, is reinforcing its position as a key facilitator of trade in the Mediterranean region.

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 toward new high-potential opportunities in Egypt.

SEIC’s investments in a wide range of sectors, including fertilizers, logistics, education, digital payments, healthcare, consumer finance and retail, have contributed to enhancing the growth of the Egyptian market. SEIC’s investment in ALCN since August 2022 has elevated ALCN's

operational efficiency and business growth, with the company recording a 1948 increase in total operating revenue between FY 2022 and FY 2025.