Abu Dhabi Ports acquires 19.3% stake in Alexandria Container & Cargo Handling for $278 mln

The deal marks a major step in AD Ports Group’s expansion strategy in Egypt and reinforces its growing role as a regional logistics and trade hub.

The company said the investment supports its plans to facilitate trade flows across the East-West maritime corridor linking Asia, the Middle East, and Europe, while advancing Egypt’s wider goals for economic diversification and sustainable development.

The transaction is consistent with its strategy to enhance the value and competitiveness of its portfolio companies, generate long-term market impact, and redeploy capital toward high-potential investments in Egypt, SEIC noted. 

SEIC, which invested in ALCN in August 2022, said the company achieved a 194 percent increase in total operating revenue between FY2022 and FY2025 following governance improvements, operational enhancements, and strategic repositioning.

Established in 1984 and listed on the Egyptian Exchange since 1995, ALCN operates two terminals in Alexandria and El-Dekheila with a combined capacity of 1.5 million TEUs, an annual throughput of 1.07 million TEUs, and a utilization rate of about 71 percent in FY2025.