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AD Ports Acquires Stake in Egyptian Terminal Operator
AD Ports Group has acquired the 19.328% stake previously held by Saudi Egyptian Investment Company (SEIC) in Alexandria Container & Cargo Handling Company (ALCN), one of Egypt’s largest and longest established container terminal operators, in a deal valued at approximately EGP 13.2 billion. The transaction strengthens AD Ports Group’s growing presence in Egypt’s maritime and logistics sector, reinforcing its strategic interest in key ports along the Mediterranean.
The acquisition marks another major step in AD Ports Group’s expansion across the region. Founded in 1984 and listed on the Egyptian Exchange since 1995, ALCN operates two key terminals on the Mediterranean coast, located in Alexandria and El-Dekheilla. Together, the facilities handled a combined throughput of 1.07 million TEU in the 2024–25 financial year. With approximately 1.6 km of quay and direct connections to Egypt’s national rail network, the terminals offer strong multimodal connectivity for global shipping lines and regional trade flows.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said, “By acquiring a stake in ALCN, we are expanding our operational footprint in one of the world’s most critical maritime routes. This investment supports our efforts to facilitate trade through this vital corridor, while deepening our partnerships and expanding our investments in Egypt. This is fully aligned with the directives of our wise leadership to drive economic diversification, strengthen regional integration, and deliver long-term value for our stakeholders.”
