Dentons advises founders of Ports Services and Storage Company Limited on strategic stake sale to SISCO

Riyadh-Dentons has advised the founders of Ports Services and Storage Company Limited (PSSC), a company engaged in logistics storage activities, on the negotiation and signing of a landmark transaction for the sale of a 51% stake in PSSC to Sustainable Infrastructure Holding Company (SISCO), a leading player in the infrastructure and logistics space in Saudi Arabia.

The transaction, valued at approximately SAR 132.6 million (inclusive of an earn-out component), marks a significant milestone in the warehousing and logistics sector, and underscores the ongoing investment momentum in strategic infrastructure assets across the Kingdom.

Ziad Saad, Managing Partner of Dentons' Saudi Arabia office, commented: "This transaction represents a pivotal step for the founders of PSSC and the warehousing and logistics sector in Saudi Arabia. We are pleased to have played a role in facilitating a deal that aligns with Saudi Arabia's broader infrastructure and investment ambitions."

The Dentons team was led by Ziad Saad (Managing Partner, Saudi Arabia), with support from Mohamad Al Rifai (Senior Associate), Gabriel El Jobaili (Associate), Sara Alfaddagh (Associate) and Dima Chehade (Legal Consultant).

The transaction remains subject to regulatory approvals and is expected to complete upon satisfaction of applicable conditions.

Alpha Capital acted as financial adviser to the founders, while Greenberg Traurig advised the buyer.

This press release is also available in Arabic, click here to download.

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