SNG: Egypt: AD Ports acquires $279.13mln stake in Alexandria Container

About this update from Alexandria Containers & Goods

Staff WriterArab Finance: AD Ports Group has acquired Saudi Egyptian Investment Company’s (SEIC) 19.328% equity stake in Alexandria Container and Cargo Handling Company, according to a press release.The UAE-based group purchased 575.901 million shares at a value of EGP 13.23 billion.The transaction supports AD Ports’ expansion strategy in Egypt, cementing its position as a key facilitator of trade in the Mediterranean region.Likewise, it aligns with SEIC’s objectives to increase the value and boost the competitiveness of its portfolio companies, generate long-term market impact, and redeploy capital toward new high-potential opportunities in Egypt.Since August 2022, SEIC’s investment in the EGX-listed company has elevated its operational efficiency and business growth, with the company recording a 194% increase in total operating revenue between 2022 and 2025.In the first quarter (Q1) of fiscal year (FY) 2025/2026, Alexandria Container recorded 9% year-on-year (YoY) net profit after tax at EGP 1.736 billion, compared to EGP 1.910 million.© 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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