Cairo, Egypt – Abu Dhabi Ports Group announced on Monday its intention to launch a mandatory purchase offer to acquire an additional stake in Alexandria Container and Cargo Handling Company.
This will give the group a controlling majority stake in one of the largest container terminal operators in the Arab Republic of Egypt.
The acquisition of a majority stake in the Egyptian company operating two strategic stations on the Mediterranean Sea in the ports of Alexandria and Dekheila will contribute to enhancing the group’s expansion in Egypt.
In addition to generating tangible financial returns for the group.
In order to obtain a controlling majority stake in Alexandria Container and Cargo Handling Company and successfully complete the deal, Abu Dhabi Ports Group must purchase a stake of approximately 32% through a mandatory purchase offer.
Last November, the group acquired its first stake in Alexandria Container and Cargo Handling Company, amounting to 19.3% of the Saudi Egyptian Investment Company, which is wholly owned by the Saudi Public Investment Fund, in a huge stock deal.
The proposed deal is expected to be completed during the second quarter of 2026.
It will be subject to the necessary regulatory approvals in the Arab Republic of Egypt.
Under Egyptian stock market laws, Abu Dhabi Ports Group must issue a mandatory purchase offer to all shareholders if it intends to acquire a third of the shares of Alexandria Container and Cargo Handling Company.
Under the terms of the mandatory purchase offer, Abu Dhabi Ports Group will pay EGP 22.99 per share.
With the aim of acquiring a stake of approximately 32%, guaranteeing it a controlling majority in the Alexandria Container and Cargo Handling Company.
As part of the group’s intention to acquire an additional stake in the Egyptian company and launch a mandatory purchase offer, shareholders from the Egyptian government who own the majority of the remaining shares in the Alexandria Container and Cargo Handling Company will retain their current shares in the company.
funding options
Abu Dhabi Ports Group is currently exploring multiple options to finance the mandatory purchase offer and will adopt the highest value option.
The group is expected to achieve significant strategic and financial gains by acquiring a majority stake in Alexandria Cargo and Container Handling Company.
Its revenues for the fiscal year 2024-2025 will contribute to increasing the group’s revenues by more than 3%.
Alexandria Container and Cargo Handling Company operates highly profitable and income-generating activities.
It has a strong and stable financial budget with net cash of 9.7 billion Egyptian pounds (equivalent to 195 million US dollars) as of June 2025.
This will contribute to strengthening the position of the Abu Dhabi Ports Group in terms of liquidity and financial leverage.
Alexandria Container Trading Company was established in 1984 and has been listed on the Egyptian Stock Exchange since 1995.
It has a total container capacity of 1.5 million TEUs, with a total of 1.07 million TEUs handled.
With an employment rate of 71% in the fiscal year ending June 30, 2025 (fiscal year 2024-2025).
The deal will enable significant operational savings through the implementation of innovative solutions in station management.
In addition to accelerating digital transformation processes and enhancing sustainability practices.
Both Alexandria and Dekheila stations have the capacity to receive giant ships.
Alexandria Container and Cargo Handling Company will benefit from advanced technologies and global operational standards adopted by the Abu Dhabi Ports Group.
Direct connectivity via the railway network will also enhance the role of the two stations as vital centers within the logistics services system in Egypt and the region.
