• AD Ports acquired 19.328% of Alexandria Container & Cargo Handling Company (ALCN) for about EGP 13.2 billion ($276.7 million).

• ALCN increased revenue by 194% between 2022 and 2025 under SEIC’s transformation plan.

• Alexandria and Dekheila ports handle about 60% of Egypt’s foreign trade, making the acquisition a major strategic move.

AD Ports continues to assert its ambition to become a major player in Egypt’s port infrastructure. Its new stake in the multipurpose terminal operator at Alexandria adds to several concessions that align with its long-term positioning strategy.

AD Ports Group said last week that it acquired a 19.328% stake in Alexandria Container & Cargo Handling Company (ALCN). The group executed the transaction with the Saudi Egyptian Investment Company (SEIC), a subsidiary of Saudi Arabia’s Public Investment Fund. The deal carries a valuation of about EGP 13.2 billion, equivalent to $276.7 million.

We have acquired SEIC’s 19.3% stake in Alexandria Container & Cargo Handling Company (ALCN), strengthening our presence in Egypt and the Mediterranean.

Read more: https://t.co/cd4hPzgapU#ADPortsGroup #EnablingTrade pic.twitter.com/El4lYwaacL

— AD Ports Group (@ADPortsGroup) November 20, 2025

AD Ports said the investment supports its strategy to strengthen logistics capacity along the main East-West corridor linking Asia, the Middle East and Europe. The group added that the move contributes to Egypt’s economic diversification and sustainable development objectives.

SEIC has driven a notable transformation since entering ALCN’s capital in August 2022. The company increased its revenue by 194% between fiscal years 2022 and 2025, supported by better operational performance and the expansion of port services.

Alexandria and Dekheila sit in Egypt’s second-largest city and jointly handle roughly 60% of the country’s foreign trade. This concentration makes the port sector critical to Egypt’s logistics competitiveness. AD Ports’ new stake marks a major step in its expansion across the market.

The group had already strengthened its Egyptian footprint in January 2024 when it secured a contract to operate and manage three cruise terminals in the ports of Safaga, Hurghada and Sharm el-Sheikh.

This article was initially published in French by Henoc Dossa

Adapted in English by Ange Jason Quenum