AD Ports Group has acquired a 19.328% equity stake in Alexandria Container & Cargo Handling Company (ALCN) from the Saudi Egyptian Investment Company (SEIC), a PIF-owned entity, in a deal worth approximately EGP 13.2 billion. This move strengthens AD Ports Group’s strategic expansion in Egypt and enhances its influence across key maritime trade corridors connecting Asia, the Middle East and Europe.
Strategic Expansion in Egypt and Strengthened Trade Corridors
The acquisition marks a major step in AD Ports Group’s Mediterranean expansion strategy. As one of the region’s leading logistics and trade facilitators, the group aims to improve cargo flows along the East-West trade axis. The investment also aligns with Egypt’s broader goals of economic diversification and sustainable development by enhancing the efficiency and competitiveness of its port infrastructure.
ALCN operates two major terminals in Alexandria and El-Dekheilla with a combined 1.5 million TEU capacity and strong year-on-year operational performance. Between FY 2022 and FY 2025, ALCN recorded a 194% growth in operating revenue, reflecting SEIC’s efforts in strengthening the company’s governance and strategic direction. AD Ports Group funded the acquisition through both cash and debt, ensuring continued investment in high-growth port assets.
SEIC’s Portfolio Strategy and Future Investment Plans
The transaction also supports SEIC’s strategy to create long-term value within its portfolio by enabling operational improvements and redeploying capital into fresh high-potential opportunities in the Egyptian market. SEIC’s diversified investments spanning fertilizers, logistics, education, digital payments, consumer finance and more have contributed significantly to Egypt’s market growth.
SEIC’s exit from ALCN follows a successful two-year involvement in which it enhanced governance, strengthened company resources, and contributed to improved financial performance. The proceeds from the sale will now be channeled into additional strategic investments in Egypt’s growing sectors.
The acquisition reinforces AD Ports Group’s role in shaping maritime trade across one of the world’s most important shipping routes. By expanding its operational footprint in Egypt’s busiest port region, the group strengthens regional integration and supports long-term economic value creation. Meanwhile, SEIC’s reinvestment plans reflect its continued confidence in Egypt as a key, sustainable investment destination.
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Source: AD PORTS GROUP
