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Sisco Holding is now a 51% shareholder in PSS: Tadawul-listed Sustainable Infrastructure Holding Company (Sisco Holding) has completed its acquisition of a 51% equity stake in Port Services and Storage Company (PSS), according to a Tadawul disclosure.
We got wind of this last October: The transaction, fully financed in banknotes, was valued at SAR 132.6 mn, with an initial payment of SAR 91.8mn and performance-based earn-out payments of up to SAR 40.8 mn — pegged to specific financial targets to be met over the next two years.
Why does this matter to Sisco? It completes the East-West corridor. Sisco’s portfolio has been skewed toward the West, anchored by its 36% stake in the Jeddah-based Red Sea Gateway Terminal (RSGT) and its logistics arm LogiPoint. PSS adds the missing nodes in Dammam and Jubail — enabling asset-backed presence for cross-Kingdom transport. The move would internalize inland transport margins previously lost to third parties and link RSGT’s port throughput with LogiPoint’s bonded zones and PSS’s Eastern warehousing — creating what could be a competitive, privately-backed landbridge.
Impact on the books: The port and storage services firm is set to be fully consolidated into Sisco’s financial statements — effective 1Q 2026, the disclosure adds.
The broader perspective: The transaction is the latest move in Sisco’s campaign to verticalize its logistics stack beyond the quayside. The group’s subsidiary LogiPoint recently expanded its footprint with the new Al Noor Logistic Park in Riyadh, while its logistics investment vehicle Green Dome Investments continues to roll up regional capacity, most notably by acquiring Transcorp International in late 2025 to merge with its existing courier arm, Elite Co.
What’s next? By integrating more assets and operations along Saudi’s east-west corridor, Sisco is well-positioned to leverage a trove of data from its tracking and customs operations across RSGT, LogiPoint, and PSS to provide digital brokerage services for freight forwarding — if it chooses to.
