AD Ports Group buys SEIC stake in Alexandria Container Company

AD Ports Group has acquired the Saudi Egyptian Investment Company’s 19.328 per cent stake in Alexandria Container and Cargo Handling Company in a transaction valued at about EGP 13.2 billion. The deal marks a step in the group’s plan to expand in Egypt and strengthen its presence in the Mediterranean trade corridor.

The group said the investment will support its efforts to facilitate trade flows between Asia, the Middle East and Europe. It added that the move aligns with Egypt’s wider plans for economic diversification and development.

SEIC said the sale fits its strategy to enhance the competitiveness of portfolio companies, realise returns and redeploy capital into new opportunities in the Egyptian market. The company said its investment in Alexandria Container and Cargo Handling Company since August 2022 helped lift operational efficiency and business growth, with operating revenue rising 194 per cent between the 2022 and 2025 financial years.

Alexandria Container and Cargo Handling Company operates two terminals in Alexandria and El-Dekheilla with a combined capacity of 1.5 million TEUs and throughput of 1.07 million TEUs in the 2025 financial year. The terminals are linked to Egypt’s rail network and serve global shipping lines. The company reported revenue of EGP 8.37 billion and adjusted EBITDA of EGP 6.09 billion in the same year.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of 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.”

Muteb Al Shathri, acting CEO of SEIC, said: “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.”

He added, “This transaction reflects the success of the vision and strategy of the Saudi Egyptian Investment Company as a leading investor in the Egyptian market and as a partner of choice capable of enabling its investments. The Saudi Egyptian Investment Company will utilise the proceeds of this transaction to pursue additional promising investment opportunities in the Egyptian market, reflecting its strong belief in the importance of the Egyptian market as a sustainable and thriving investment destination.”