Dentons advised the founders of Ports Services and Storage Company Limited on the strategic stake sale to SISCO
The global Law firm, Dentons advised the founders of Ports Services and Storage Company Limited (PSSC), a company engaged in logistics storage activities, on the negotiation and signing of a landmark transaction for the sale of a 51% stake in PSSC to Sustainable Infrastructure Holding Company (SISCO), a leading player in the infrastructure and logistics sector in Saudi Arabia.
The transaction, valued at approximately SAR 132.6 million (inclusive of an earn-out component), marks a significant milestone in the warehousing and logistics industry and highlights the continued investment momentum in strategic infrastructure assets across the Kingdom.
Ziad Saad, Managing Partner of Dentons’ Saudi Arabia office, commented, “This transaction represents a pivotal step for the founders of PSSC and the warehousing and logistics sector in Saudi Arabia. We are pleased to have played a role in facilitating a deal that aligns with Saudi Arabia’s broader infrastructure and investment ambitions.”
The Dentons team was led by Ziad Saad (Managing Partner, Saudi Arabia), with support from Mohamad Al Rifai (Senior Associate), Gabriel El Jobaili (Associate), Sara Alfaddagh (Associate), and Dima Chehade (Legal Consultant).
The transaction remains subject to regulatory approvals and is expected to complete upon satisfaction of the applicable conditions.
Alpha Capital acted as the financial adviser to the founders, while Greenberg Traurig advised the buyer.
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at [email protected] or call us on +91 8879634922.