Sisco expands its cold chain portfolio: Sisco-backed Green Dome Investments (GDI) closed a SAR 230 mn acquisition of Dubai-based Transcorp International, according to a Tadawul disclosure. Under the agreement, GDI — in which Tadawul-listed Sisco Holding owns a 31.7% equity stake — now owns 100% of Transcorp’s equity.

More details: The purchase was funded entirely through equity contributions from GDI’s shareholders — with Sisco roughly taking up SAR 77 mn of the total consideration. The transaction also marks the exit of Crescent Enterprises’ CE-Ventures, which invested in Transcorp in 2018.

Why it matters

Sisco is building a full-stack logistics platform: Following its SAR 132.6 mn acquisition of Port Services and Storage Company (PSS) in January, Sisco is pairing PSS’s heavy infrastructure with Transcorp’s last‑mile and cold‑chain capabilities. The firm is now in control of ports, warehouses, and smart delivery tech that are capable of moving temperature-sensitive goods across the GCC.

This is a scale play for the GCC logistics corridor. Transcorp brings a smart cold-chain network covering 50 cities across Saudi Arabia, the UAE, and Qatar.

What’s next?

Transcorp is merging its UAE and Qatar operations into GDI’s logistics arm Elite Co., expanding the unit’s presence in Saudi Arabia as the Kingdom’s logistics sector gears up for expansion. Elite Co. and Transcorp will now operate across five GCC markets, managing 1.5k vehicles, 27 warehouses, and serving 800 clients.

ADVISORS- Transcorp tapped PwC as its financial advisor and Addleshaw Goddard for counsel. Meanwhile, Elite Co. appointed FTI to serve as its financial advisor and Support Legal to provide counsel.

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