GDI to be the sole owner of Transcorp: Dubai-based Green Dome Investments (GDI) — in which Sisco Holding owns a 31.7% equity stake — will take full ownership of Transcorp International, a cold-chain logistics operator active in the KSA, the UAE, and Qatar, after signing a SAR 229.8 mn sale and purchase agreement, Sisco said in a Tadawul disclosure (pdf) on Thursday. The transaction — expected to close by year-end — will be financed through GDI’s equity contributions, giving Sisco an effective SAR 76.6 mn stake.

The transaction also marks the exit of Crescent Enterprises’ CE-Ventures, which had invested in Transcorp in 2018, it said on LinkedIn on Friday.

What’s next? Transcorp will merge its UAE and Qatar operations into GDI’s logistics arm EliteCo., expanding the unit’s presence in Saudi Arabia as the Kingdom’s logistics sector gears up for expansion under Vision 2030, according to a press release published on Thursday. Elite Co. and Transcorp will now operate across five GCC markets, managing 1.5k vehicles, 27 warehouses, and serving 800 clients.

The acquisition is GDI’s fourth since 2017, bringing its total deployed capital to more than USD 120 mn. Backed by Sisco Holding, GDI plans further acquisitions in 2026 as it works toward building a fully integrated regional logistics platform covering express delivery, e-commerce, and cold-chain services.

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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