| Element List | Explanation |
|---|---|
| Transaction Details | Jeddah, Saudi Arabia, October 2025: Sustainable Infrastructure Holding Company ("SISCO Holding", "TADAWUL: 2190"), announces that one of its portfolio company, Green Dome Investments (“GDI”), in which SISCO Holding owns a 31.67% equity stake, has signed a Sale and Purchase Agreement (“SPA”) to acquire a 100% stake in Transcorp International. The total purchase price for the transaction is AED 225 million (SAR 229.75 million), and it will be financed through equity provided by GDI’s shareholders. SISCO Holding’s, share of this will be AED 75.0 million (SAR 76.58 million) of the total purchase price. |
| Transaction Amount | The purchase price for 100% of Transcorp International is AED 225 million (SAR 229.75 million) |
| Transaction Conditions | The owner will remain with the company and continue to drive its growth in partnership with GDI. The transaction is subject to customary closing conditions. |
| Parties of the Transaction | Buyer: Green Dome Investments Seller: Transcorp International |
| Transaction Financing Method | Equity financing provided by GDI shareholders. |
| Date of Entering Into The Transaction | 2025-10-22 Corresponding to 1447-04-30 |
| Description of Activity of The Asset Subject of The Transaction | Founded in 2013, Transcorp is a logistics and supply chain company specializing in smart cold-chain and temperature-controlled services. It provides warehousing, transportation, and last-mile delivery for both dry and temperature-sensitive cargo, serving industries like e-commerce, retail, and food services. The company has established a strong foothold in 50 key cities across the UAE, Saudi Arabia, and Qatar, and boasts a robust team of over 1,000 professionals operating throughout the region. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Revenues (’000s): 2022: AED 60.8 million (SAR 62.08 million). 2023: AED 75.8 million (SAR 77.39 million) 2024: AED 109.4 million (SAR 111.70 million) |
| Transaction reasons | GDI’s acquisition of Transcorp expands its services and customer base, boosts efficiency and innovation across Gulf markets, and secures cross-border access - strengthening its Saudi presence and positioning it as a regional transportation provider. The Transcorp acquisition reflects SISCO Holding’s strategic focus on enabling its portfolio companies to capture growth opportunities that enhance long-term shareholder and stakeholder value. |
| Expected Impact of the Transaction on the Company and Its Operations | A positive financial impact on GDI and SISCO Holding’s financial statements expected upon completion of the transaction. |
| Related Parties | None |
| Attached Documents | Attached Documents |
