The Abu Dhabi Group of Abu Dhabi has acquired the stage of the Saudi Egyptian Inventment Company (Seic) 19.328 percent of the Alexandria Compact & Cargo Piteling Company (Alcn), one of the Egyptian terminal operators for approximately EGP13.23 million (US $ 279.3).
The acquisition marks another milestone in the advertising group’s expansion days in Egypt, underscoring its position as a key promoter of trade in the Mediterranean region. It will improve the group’s ability to facilitate the flow of trade in the great east-west trade corridor from Asia through the Middle East into Europe, while supporting Egypt’s vision of economic diversification and sustainable development.
Ad Ports Group financed the transaction with a combination of cash and debt.
From 2022, the advertising group has invested heavily in Egypt, acquiring SAFIANE, a provider of Maritime Agency and cargo services. In addition, the group was secured several long-term permits to build and operate the US $ 200 million Spafaga Multipurser Greenfield Project, which will be the first MultiPurseth term center in Exprist, Hurghada, and Sharm el Sheikh.
The group also signed a 50-year agreement renewed in May 2025 to develop and operate the Kezad East Port, an industrial and logistics park near the Mediterranean mouth of the Mediterranean Sea Canal.
Mohamed Juma al Shamiso, managing director and CEO of the group, the advertising group, explained: “By acquiring a stake in Alcn, we have increased our most active steps in the world.
“This investment supports our efforts to facilitate trade in this important way, while expanding our relationship and increasing our capital in Egypt. This is fully in line with the economic directions, and brings long-term value to our stakeholders.”
Established in 1984 and listed on the Egyptian Stock Exchange since 1995, ALCN operates two strategic terminals in Teminirda, El-Dekhheilla Port, which means a utilization rate of 1.5 percent by 301 June 2025.
Together, the two terminals cover approximately 1.6 kilometers of quay length and are directly connected to the Egyptian national rail network, ensuring seamless multimodal connectivity for international shipping lines and regional trade.
The company’s customer base includes global leaders such as Mediterranean Shipping Company (MSC), Evergreen Marine Corporation, and Hapag Lloyd AG. For FY2024-25, it reported EGP8.37 billion (US $168 million) in revenue and EGP6.09 billion (US $122 million) in adjusted EBITDA.
Muteb al Shathri, Executive CEO of Saudi Egypt Invention Company, Public Investment Fund (PIF) Company, “Alexandria Piterance Company Company, whose efforts have strengthened its resources. Business expansion and strengthening financial performance.
“This transaction demonstrates the success of the vision and strategy of Saudi Egypt Investment Company as a leading Investor in the Egyptian market, demonstrating its strong belief in the importance of the Egyptian market as a sustainable investment destination.”
Egypt plays a very important role in world trade, as the gateway between the Mediterranean and the Red Sea. The Suez Canal is responsible for about 12-16 percent of the Global Trail every year, representing about 30 percent of the world’s traffic, according to the Atlantic Council. Alcn’s performance in the Alexandria Region is approximately 60 percent of the total area average.
The transfer of shares is expected to be completed on Monday, 24 November.
