Riyadh - Mubasher: Sustainable Infrastructure Holding Company (SISCO Holding) has signed a sale and purchase agreement to acquire a 51% equity stake in Port Services & Storage Company (PSS) for up to SAR132 million.

The all-cash deal includes an initial payment of SAR 91.80 million and up to SAR 40.80 million in results-based payments over two years, according to a press release.

Subject to regulatory approvals, the transaction is expected to be closed in the fourth quarter (Q4) of 2025, after which PSS will be fully consolidated into SISCO’s logistics segment.

The acquisition of PSS aligns with SISCO’s strategy to reinforce its logistics platform and expand its real estate vertical.

With PSS and LogiPoint, the group can offer warehousing solutions ranging from premium fulfillment centers to cost-efficient storage facilities.

The deal expands SISCO’s reach into the eastern Province, creating synergies with LogiPoint and strengthening its end-to-end logistics offering across the Kingdom.

Saleh Hefni, Managing Director, said: “The acquisition of PSS represents a strategic broadening of SISCO’s logistics assets, adding complementary capabilities across the value chain and reinforcing our position as a fully integrated provider.”

“By adding a business with a strong track record, attractive margins, and high-quality assets, we are diversifying our portfolio, creating stable recurring income streams, and reinforcing our position in the Kingdom’s logistics sector,” Hefni added.

From his side, Ibrahim Al Naeem, CEO of PSS, commented: “This milestone will strengthen our expansion plans and enhance our ability to deliver integrated logistics solutions to our clients across various sectors.”

Saudi financial institution Alpha Capital acted as the exclusive financial advisor to the transaction, while  Dentons was the legal advisor to PSS.

Meanwhile, Greenberg Traurig Khalid Al Thebity served as legal advisor to SISCO Holding.

In the first half (H1) of 2025, SISCO Holding achieved net profits totaling SAR 44.70 million, versus net losses of SAR 10.60 million.