SISCO Holding signed a Sale and Purchase Agreement (SPA) to acquire a 51% equity stake in Port Services Storage Co. Ltd. (PSS) for a total of SAR 132.6 million.
The transaction is subject to customary closing conditions, including regulatory clearance from the General Authority for Competition (GAC), the statement added. 
The company further indicated that PSS adds a highly profitable and scalable business to SISCO’s portfolio, noting that the acquisition also provides a strong foothold in the Eastern Province, and creates meaningful synergies with LogiPoint, enhancing operational integration and unlocking further growth opportunities.
SISCO will fully consolidate PSS into its logistics segment after completion, with a positive financial impact on SISCO Holding’s financial statements expected by the end of Q4 2025.
Alpha Capital acted as the financial advisor to PSS, with Dentons serving as their legal advisor. Greenberg Traurig Khalid Al-Thebity served as legal advisor to SISCO Holding in connection with the transaction, the statement also said.
Key Financial Data for the Transaction’s Asset in the Last 3 Years (SAR mln)
Year
Revenue
2022
22.39
2023
19.44
2024
23.59
Established in 2007, PSS is a prominent player in the logistics industry. The company’s service portfolio includes built-to-suit warehousing and comprehensive logistics solutions. PSS currently manages more than 130,000 SQM of logistics infrastructure in Dammam and Jubail and plans to develop a further 280,000 SQM of leasable area in the same region. PSS is also partnering with leading local institutions and international partners to significantly expand its presence at Jubail Logistics Park. This growth strategy aligns with Saudi Arabia’s Vision 2030 by advancing world-class logistics hubs, strengthening supply-chain efficiency, and positioning the Kingdom as a global logistics gateway, SISCO Holding stated.
SISCO Holding signed a Sale and Purchase Agreement (SPA) to acquire a 51% equity stake in Port Services Storage Co. Ltd. (PSS) for a total of SAR 132.6 million.
The transaction is subject to customary closing conditions, including regulatory clearance from the General Authority for Competition (GAC), the statement added.
The company further indicated that PSS adds a highly profitable and scalable business to SISCO’s portfolio, noting that the acquisition also provides a strong foothold in the Eastern Province, and creates meaningful synergies with LogiPoint, enhancing operational integration and unlocking further growth opportunities.
SISCO will fully consolidate PSS into its logistics segment after completion, with a positive financial impact on SISCO Holding’s financial statements expected by the end of Q4 2025.
Alpha Capital acted as the financial advisor to PSS, with Dentons serving as their legal advisor. Greenberg Traurig Khalid Al-Thebity served as legal advisor to SISCO Holding in connection with the transaction, the statement also said.
Key Financial Data for the Transaction’s Asset in the Last 3 Years (SAR mln)
Year
Revenue
2022
22.39
2023
19.44
2024
23.59
Established in 2007, PSS is a prominent player in the logistics industry. The company’s service portfolio includes built-to-suit warehousing and comprehensive logistics solutions. PSS currently manages more than 130,000 SQM of logistics infrastructure in Dammam and Jubail and plans to develop a further 280,000 SQM of leasable area in the same region. PSS is also partnering with leading local institutions and international partners to significantly expand its presence at Jubail Logistics Park. This growth strategy aligns with Saudi Arabia’s Vision 2030 by advancing world-class logistics hubs, strengthening supply-chain efficiency, and positioning the Kingdom as a global logistics gateway, SISCO Holding stated.
