AD Ports Group has purchased a 19.328 per cent equity stake in Alexandria Container & Cargo Handling Company (ALCN) from the Saudi Egyptian Investment Company (SEIC) for EGP13.2 billion (US$278 million), reported London's Port Technology.

The deal strengthens AD Ports Group's expansion strategy in Egypt, aiming to boost trade flows along the East-West corridor linking Asia, the Middle East and Europe. It also supports Egypt's plans for economic diversification and sustainable development.

SEIC said the transaction aligns with its strategy to enhance portfolio value, generate long-term impact and redeploy capital into new opportunities. Since investing in ALCN in August 2022, SEIC has overseen a 194 per cent rise in operating revenue through FY2025.

ALCN runs two Mediterranean terminals in Alexandria and El-Dekheilla, with a combined capacity of 1.5 million TEU Throughput reached 1.07 million TEU in FY2025, with utilisation at about 71 per cent. The terminals span 1.6 kilometres of quay and connect directly to Egypt's rail network.

Captain Mohamed Juma Al Shamisi, managing director and Group CEO of AD Ports Group, said the acquisition expands the company's footprint on a critical maritime route and supports trade facilitation, regional integration and long-term value creation.

Muteb Al Shathri, acting CEO of SEIC, said ALCN was among its earliest Egyptian investments. He noted that strengthened governance and clear strategy had delivered business expansion and strong financial performance, while supporting growth in both Egyptian and Saudi markets.

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