Saudi Egyptian Investment Company Earns $236 Million from Alexandria Container Handling Deal

According to informed sources from 'Al Arabiya Business', the Saudi Egyptian Investment Company, fully owned by the Public Investment Fund, achieved total profits of about $236 million from the sale of its 19.328% stake in Alexandria Container Handling and Goods Company.

The Saudi Egyptian Investment Company had completed a share purchase in Alexandria Container Handling for $126 million in 2022, resulting in total investment returns upon the sale of around $363 million.

Sources indicated that this deal reflects the success of the company’s investment strategy, which aims to enhance its investments and increase its market value to achieve lucrative financial returns.

The stake was sold for nearly 13.2 billion Egyptian pounds to Abu Dhabi Ports Group. The company confirmed that it will redirect the capital and returns to explore more promising opportunities in the Egyptian market.

The company invests in various sectors in Egypt, including fertilizers, logistics services, education, digital payments, healthcare, consumer finance, and retail.