{"id":675954,"date":"2025-11-20T00:00:00","date_gmt":"2025-11-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/20\/uae-ports-operator-acquires-seics-19-3-stake-in-alcn\/"},"modified":"2025-11-20T00:00:00","modified_gmt":"2025-11-20T00:00:00","slug":"uae-ports-operator-acquires-seics-19-3-stake-in-alcn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/20\/uae-ports-operator-acquires-seics-19-3-stake-in-alcn\/","title":{"rendered":"UAE ports operator acquires SEIC\u2019s 19.3% stake in ALCN"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends, and congratulations on yet another successful workweek for <\/strong><strong>the books. <\/strong>It\u2019s been a busy one in the press, and we look forward to winding down even as the temperatures are set to spike.<\/p>\n<p class=\"tag-border-left\">THE BIG STORY TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>?<\/strong><strong>AD Ports acquires 19.3% of Alexandria Container &amp; Cargo Handling Company: <\/strong>AD Ports Group acquired PIF-owned Saudi Egyptian Investment Company\u2019s (SEIC) 19.3% stake in Alexandria Container &amp; Cargo Handling Company (ALCN) in a transaction valued at EGP 13.2 bn, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1657.pdf\" style=\"\" rel=\"noopener\">a company statement (pdf)<\/a>. AD Ports Group funded the acquisition through a mix of cash and debt. The transfer of shares is expected to be completed on 24 November 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADQ\u2019s combined stake in ALCN:<\/strong> With this acquisition, ADQ \u2014 owner of AD Ports Group \u2014 will indirectly hold a 19.3% stake in ALCN through AD Ports, and an additional 32% through Alpha Oryx.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALCN operates two terminals in Alexandria and El Dekheila <\/strong>with a combined annual capacity of 1.5 mn TEU. ALCN\u2019s terminals account for around 60% of Alexandria\u2019s total container capacity.ALCN reported EGP 8.37 bn in revenue and EGP 6.09 bn in adjusted EBITDA for FY 2024-2025.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new buyer may be lining up a takeover of Zahraa Maadi:<\/strong> Two investors<font face=\"Arial\">,<\/font> namely Mohamed Farouq and Ahmed Tarek (also Shark Tank investors), have expressed interest in acquiring a controlling 90% stake in Zahraa Maadi at EGP 6.95 per share, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1659.pdf\" style=\"\" rel=\"noopener\">EGX disclosure<\/a>. If it materializes, the offer would hand effective control of the listed developer to the group. The investors say they\u2019ll proceed only after reaching an agreement with Zahraa\u2019s key shareholders, completing due diligence and securing regulatory clearance. The board is set to review the approach at its next meeting.<\/p>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>? <\/strong><strong>The<\/strong><strong> week is ending in a flurry of developments in the global press, with a <\/strong><strong>handful of headlines making the rounds.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel\u2019s latest strikes in Gaza killed at least 32 Palestinians on Wednesday and <\/strong><strong>Thursday<\/strong>, including 12 children. The strikes bring the total official Palestinian death toll since the October ceasefire to 312, with some <a target=\"_blank\" href=\"https:\/\/sana.sy\/en\/international\/2278664\/\" style=\"\" rel=\"noopener\">outlets<\/a> reporting this as Israel\u2019s 393rd violation of the ceasefire. Israel once again claims to have been targeting \u201cterrorists,\u201d while Hamas called on the US to pressure Israel to respect the truce. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-fire-kills-four-gaza-casting-further-doubt-ceasefire-2025-11-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/11\/19\/middleeast\/israel-strikes-gaza-escalation-latam-intl\" style=\"\" rel=\"noopener\">CNN<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nvidia\u2019s earnings <\/strong><strong>report<\/strong><strong> has lifted global tech stocks<\/strong>, with their shares rising 5% in premarket trading in the US. In Europe, Dutch semiconductor firm BESI gained over 3% and ASMI 2%, while in Asia, Samsung Electronics climbed 3.5% and Foxconn 3.3%. S&amp;P 500 futures rose 1%, after a 3% decline in the broader market before the results. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/11\/20\/global-tech-stocks-climb-as-nvidia-results-soothe-ai-bubble-concerns.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/ai-leader-nvidia-forecasts-fourth-quarter-revenue-above-estimates-2025-11-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-19\/nvidia-gives-strong-forecast-helping-counter-fears-of-ai-bubble?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US President Donald Trump is scheduled to meet NYC Mayor-Elect Zohran Mamdani <\/strong><strong>at the White House tomorrow.<\/strong> Trump announced the meeting on social media late last night, incorrectly labeling Mamdani \u2014 a self-described democratic socialist \u2014 as the \u201cCommunist Mayor\u201d of New York. Mamdani, who ran partly on promises to stand up to Trump, confirmed the meeting, saying he will seek common ground on issues like lowering grocery prices while defending immigrants and resisting federal funding cuts. Mamdani\u2019s inauguration is scheduled for 1 January. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/11\/19\/nyregion\/trump-mamdani-white-house-meeting.html\" style=\"\" rel=\"noopener\">NYT<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>We\u2019re in for a balmy start to the weekend tomorrow, with the mercury set to rise to 31\u00b0C throughout the day before cooling to 19\u00b0C at night, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and congratulations on yet another successful workweek for the books. It\u2019s been a busy one in the press, and we look forward to winding down even as the temperatures are set to spike. THE BIG STORY TODAY- ?AD Ports acquires 19.3% of Alexandria Container &amp; Cargo Handling Company: AD Ports Group acquired [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":675955,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[633,125,7128,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-675954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-investment-watch","tag-ma-watch","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"f3c4d9fb-e436-48c3-b5ec-78548ca0e6ce","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/4\/381.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE ports operator acquires SEIC\u2019s 19.3% stake in ALCN","related_issue":[675952],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.d17da451-dc06-4501-9529-2acdcf3d6f43.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UAE ports operator acquires SEIC\u2019s 19.3% stake in ALCN - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/20\/uae-ports-operator-acquires-seics-19-3-stake-in-alcn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE ports operator acquires SEIC\u2019s 19.3% stake in ALCN\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and congratulations on yet another successful workweek for the books. It\u2019s been a busy one in the press, and we look forward to winding down even as the temperatures are set to spike. THE BIG STORY TODAY- ?AD Ports acquires 19.3% of Alexandria Container &amp; Cargo Handling Company: AD Ports Group acquired [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/20\/uae-ports-operator-acquires-seics-19-3-stake-in-alcn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-20T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/381.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/20\/uae-ports-operator-acquires-seics-19-3-stake-in-alcn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/20\/uae-ports-operator-acquires-seics-19-3-stake-in-alcn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"UAE ports operator acquires SEIC\u2019s 19.3% stake in ALCN\",\"datePublished\":\"2025-11-20T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/20\/uae-ports-operator-acquires-seics-19-3-stake-in-alcn\/\"},\"wordCount\":578,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/20\/uae-ports-operator-acquires-seics-19-3-stake-in-alcn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/381.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"investment watch\",\"M&amp;A Watch\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/20\/uae-ports-operator-acquires-seics-19-3-stake-in-alcn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/20\/uae-ports-operator-acquires-seics-19-3-stake-in-alcn\/\",\"name\":\"UAE ports operator acquires SEIC\u2019s 19.3% stake in ALCN - 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It\u2019s been a busy one in the press, and we look forward to winding down even as the temperatures are set to spike. 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