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 Public Investment Fund (PIF) subsidiary, in a transaction valued at approximately EGP 13.2 billion.
The deal marks a major step in AD Ports Group’s ongoing expansion in Egypt and strengthens its position as a key logistics and trade facilitator in the Mediterranean. The investment supports trade flows along the main East–West corridor linking Asia, the Middle East and Europe, while contributing to Egypt’s broader goals for economic diversification and sustainable development.
For SEIC, the transaction aligns with its strategy to enhance competitiveness within its portfolio and redeploy capital into new high-potential opportunities. Since SEIC’s investment in August 2022, ALCN has achieved substantial growth, including a 194% increase in total operating revenue between FY 2022 and FY 2025.
Established in 1984, ALCN operates two major Mediterranean terminals in Alexandria and El-Dekheilla. With a combined capacity of 1.5 million TEUs and throughput of 1.07 million TEUs in FY 2025, the terminals benefit from strong multimodal connectivity via Egypt’s national rail network. ALCN reported revenue of EGP 8.37 billion (USD 168 million) and adjusted EBITDA of EGP 6.09 billion (USD 129 million) in FY 2025.
AD Ports Group financed the acquisition through a mix of existing cash and debt.
Managing Director and Group CEO Captain Mohamed Juma Al Shamisi emphasised that the investment deepens the Group’s presence along a critical maritime route, while supporting regional integration and long-term value creation.
