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Sisco expands its cold-chain portfolio: Sisco-backed Green Dome Investments (GDI) has closed a SAR 230 mn (AED 225 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 by 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.
We first got wind of the transaction back in October. We’re also keeping an eye on future GDI projects — with plans in its pipeline for further acquisitions in 2026 as it works toward building a fully integrated regional logistics platform covering express delivery, e-commerce, and cold-chain services.
Why it matters?
Sisco is building a full-stack logistics platform. After completing a SAR 132.6 mn acquisition of Port Services and Storage Company (PSS) earlier in January — Sisco is now combining PSS’s massive heavy infrastructure with Transcorp’s smart last‑mile and cold-chain capabilities. The firm now controls ports, warehouses, and smart delivery tech that are able to move high-value, 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. For logistics operators, this confirms that the last-mile and temperature-controlled sectors are consolidating into regional platforms.
What’s next?
Transcorp will merge 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 as its financial advisor and SupportLegal to provide counsel.
