AD Ports Group has acquired a 19.328% stake in Alexandria Container & Cargo Handling Company from Saudi Egyptian Investment Company for approximately EGP 13.2 billion, strengthening its position in Egypt's logistics sector.

Target Information

The Alexandria Container & Cargo Handling Company (ALCN), established in 1984 and listed on the Egyptian Exchange since 1995, is one of Egypt's largest container terminal operators. The company operates two strategically positioned terminals located in Alexandria and El-Dekheilla, boasting a combined capacity of 1.5 million TEUs with a throughput of 1.07 million TEUs. As of FY 2025, ALCN reported an impressive revenue of EGP 8.37 billion (approximately USD 168 million) and an adjusted EBITDA of EGP 6.09 billion (around USD 122 million). Notably, the company achieved a substantial 194% increase in total operating revenue between FY 2022 and FY 2025, reflecting its operational efficiency and growth dynamics.

ALCN's terminals feature a quay length of approximately 1.6 kilometers, directly connected to Egypt's national rail network, facilitating seamless multimodal connectivity for international shipping lines and regional trade. The company has built a diverse customer base that includes major global carriers, enhancing its competitive position in the maritime logistics sector.

Industry Overview in Egypt

The logistics and maritime industry in Egypt has witnessed significant growth, driven by the country’s strategic geographical location at the crossroads of major trade routes connecting Asia, Europe, and Africa. With ongoing government efforts to invest in port infrastructure an