‎SISCO Holding’s GDI signs SPA to acquire Transcorp International for SAR 229.75M

‎SISCO Holding’s GDI signs SPA to acquire Transcorp International for SAR 229.75M ‎SISCO Holding’s GDI signs SPA to acquire Transcorp International for SAR 229.75M

​‎

Logo ofSustained Infrastructure Holding Co. (SISCO Holding)

Sustained Infrastructure Holding Co. (SISCO Holding) announced that its portfolio company Green Dome Investments CO. (GDI), in which SISCO holds a 31.67% ownership stake, signed a share purchase agreement (SPA) to acquire 100% of Transcorp International.

In a statement on Tadawul, the company said the deal is totaled at AED 225 million (SAR 229.75 million), which will be financed through equity contributions from GDI’s shareholders.

Advertisement

SISCO’s share of the transaction stands at AED 75 million (SAR 76.58 million) of the total deal value.

The company noted that one of the conditions of the transaction is that the current owner will continue working within the company and contribute to driving its growth in partnership with GDI.

The deal remains subject to customary regulatory approvals and conditions, with completion expected in Q4 2025.

According to financial data, Transcorp International reported revenues of AED 60.8 million (SAR 62.08 million) in 2022, AED 75.8 million (SAR 77.39 million) in 2023, and AED 109.4 million (SAR 111.7 million) in 2024.

SISCO stated that GDI’s acquisition of Transcorp will expand its service offerings and customer base, strengthen operational efficiency and innovation across Gulf markets, and enhance cross-border reach—reinforcing its presence in the Saudi market and establishing it as a regional logistics provider.

The acquisition aligns with SISCO Holding’s strategic focus on enabling its portfolio companies to capitalize on growth opportunities that drive long-term value for shareholders and stakeholders alike.

The company expects the transaction to have a positive financial impact on the results of both GDI and SISCO Holding following completion.

Founded in 2013, Transcorp International specializes in logistics and supply chain services, with expertise in cold chain and temperature-controlled logistics. It offered diverse services including warehousing, transportation, and last-mile delivery for both dry and temperature-sensitive goods, serving multiple sectors such as e-commerce, retail, and food services.

Transcorp established a strong footprint in 50 major cities across the UAE, Saudi Arabia, and Qatar, supported by a team of over 1,000 professionals operating throughout the region.

 

Logo ofSustained Infrastructure Holding Co. (SISCO Holding)

Sustained Infrastructure Holding Co. (SISCO Holding) announced that its portfolio company Green Dome Investments CO. (GDI), in which SISCO holds a 31.67% ownership stake, signed a share purchase agreement (SPA) to acquire 100% of Transcorp International.

In a statement on Tadawul, the company said the deal is totaled at AED 225 million (SAR 229.75 million), which will be financed through equity contributions from GDI’s shareholders.

SISCO’s share of the transaction stands at AED 75 million (SAR 76.58 million) of the total deal value.

The company noted that one of the conditions of the transaction is that the current owner will continue working within the company and contribute to driving its growth in partnership with GDI.

The deal remains subject to customary regulatory approvals and conditions, with completion expected in Q4 2025.

According to financial data, Transcorp International reported revenues of AED 60.8 million (SAR 62.08 million) in 2022, AED 75.8 million (SAR 77.39 million) in 2023, and AED 109.4 million (SAR 111.7 million) in 2024.

SISCO stated that GDI’s acquisition of Transcorp will expand its service offerings and customer base, strengthen operational efficiency and innovation across Gulf markets, and enhance cross-border reach—reinforcing its presence in the Saudi market and establishing it as a regional logistics provider.

The acquisition aligns with SISCO Holding’s strategic focus on enabling its portfolio companies to capitalize on growth opportunities that drive long-term value for shareholders and stakeholders alike.

The company expects the transaction to have a positive financial impact on the results of both GDI and SISCO Holding following completion.

Founded in 2013, Transcorp International specializes in logistics and supply chain services, with expertise in cold chain and temperature-controlled logistics. It offered diverse services including warehousing, transportation, and last-mile delivery for both dry and temperature-sensitive goods, serving multiple sectors such as e-commerce, retail, and food services.

Transcorp established a strong footprint in 50 major cities across the UAE, Saudi Arabia, and Qatar, supported by a team of over 1,000 professionals operating throughout the region.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement