AD Ports Group said it is considering several financing options and will select the most accretive one, without disclosing details.

AD Ports Group said it intends to launch a cash mandatory tender offer to acquire an additional stake in Alexandria Container & Cargo Handling Company,( ALCN) aiming for majority ownership and control, according to the company’s statement  group would need to acquire close to 32% through the offer, after purchasing a 19.3% stake in November from Saudi The Saudi Egyptian Investment Company, via a block trade. The offer price is EGP 22.99 per share, with governmental shareholders expected to maintain their existing stakes. Completion is targeted for Q2 2026, subject to Egyptian regulatory approvals, and the offer is required under local securities rules once an investor intends to acquire one third of a listed company. would need to acquire close to 32% through the offer, after purchasing a 19.3% stake in November from Saudi Egyptian  would need to acquire close to 32% through the offer, after purchasing a 19.3% stake in November from Saudi Egyptian 

 Several financing options 

AD Ports Group said it is considering several financing options and will select the most accretive one, without disclosing details.

ALCN operates container terminals at the ports of Alexandria and El-Dekheila. For FY2024-25, it reported revenue of EGP 8.37 billion (USD 168 million), EBITDA of EGP 5.36 billion (USD 108 million), operating cash flow of EGP 4.93 billion (USD 99 million), and a net cash position of EGP 9.7 billion (USD 195 million) as of June 2025. ALCN has a combined container capacity of 1.5 million TEUs and throughput of 1.07 million TEUs in FY2024-25. 

Saudi Egyptian Investment Company’s (SEIC)

It is noteworthy that AD Ports Group (ADX: ADPORTS), acquired Saudi Egyptian Investment Company’s (SEIC), a PIF company 19.328% equity stake in Alexandria Container & Cargo Handling Company (ALCN), one of the largest container terminal operators in Egypt, in a deal valued at approximately EGP 13.2 billion. 

A significant milestone in AD Ports Group’s expansion

The acquisition marks a significant milestone in AD Ports Group’s expansion strategy in Egypt. AD Ports Group, a leading enabler of global trade, logistics and industry, is reinforcing its position as a key facilitator of trade in the Mediterranean region. The investment aims to enhance AD Ports Group’s ability to facilitate trade flows along the main East-West corridor connecting Asia, the Middle East and Europe, while advancing Egypt’s vision for economic diversification and sustainable development.

SEIC’s strategy

Where the transaction aligned with SEIC’s strategy to increase the value and competitiveness of its portfolio companies, generate long-term market impact, and redeploy capital toward new high-potential opportunities in Egypt. SEIC’s investments in a wide range of sectors, including fertilizers, logistics, education, digital payments, healthcare, consumer finance and retail, have contributed to enhancing the growth of the Egyptian market. SEIC’s investment in ALCN since August 2022 has elevated ALCN’s operational efficiency and business growth, with the company recording a 194% increase in total operating revenue between FY 2022 and FY 2025.

Establish of ALCN

Established in 1984 and listed on the Egyptian Exchange since 1995, ALCN operates two strategically located terminals on the Mediterranean, in Alexandria and El-Dekheilla, with a combined capacity of 1.5 million TEUs, throughput of 1.07 million TEUs, and utilization rate of about 71% in FY 2025. Together, the terminals comprise approximately 1.6 kilometers of quay length and are directly connected to Egypt’s national rail network, ensuring seamless multimodal connectivity for international shipping lines and regional trade. ALCN’s customer base includes leading global carriers, and in FY 2025 the company reported EGP 8.37 billion (USD 168 million) in revenue and EGP 6.09 billion (USD 129 million) in adjusted EBITDA.

AD Ports Group is an Abu Dhabi–based ports, maritime, logistics and trade facilitation group operating through a portfolio of ports, economic zones and maritime services across several regions.

Related : AD Ports Group : Signed two long-term agreements is valued (over USD 8 billion).

AD Ports Group ,SEIC’s strategy ,  ALCN , Saudi Egyptian Investment Company