Greenberg Traurig Khalid Al-Thebity Law Firm Advised SISCO Holding On SAR 132.6 Million Acquisition Of Port Services & Storage Company Limited
Greenberg Traurig Khalid Al-Thebity advised SISCO Holding on SAR 132.6M acquisition of Port Services & Storage.
Greenberg Traurig Khalid Al-Thebity Law Firm advised SISCO Holding on SAR 132.6 Million Acquisition of Port Services & Storage Company Limited
The Global Law firm, Greenberg Traurig Khalid Al-Thebity Law Firm, acted as legal counsel to Sustainable Infrastructure Holding Company (SISCO Holding) on the SAR 132.6 million acquisition of a 51% equity stake in Port Services & Storage Company Limited (PSS).
Subject to customary closing conditions, including regulatory clearance from the General Authority for Competition, completion is expected in the fourth quarter, after which PSS will be fully consolidated into SISCO’s logistics segment.
SISCO Holding is a diversified investment company with assets under management of over SAR 4 billion across eight strategic portfolio companies. PSS, established in 2007, is a leading player in the logistics industry, managing over 130,000 square meters of logistics infrastructure in Dammam and Jubail, with plans to expand further at Jubail Logistics Park. The acquisition aligns with Saudi Arabia’s Vision 2030 by advancing world-class logistics hubs, strengthening supply-chain efficiency, and positioning the Kingdom as a global logistics gateway.
Eng. Saleh Hefni, Managing Director of SISCO Holding, said,
The Greenberg Traurig Khalid Al-Thebity Law Firm team was led by Khalid A. Al-Thebity (Middle East Regional Chair and KSA Managing Shareholder), Marwa Al-Siyabi (Corporate Shareholder), and Lama Bin Ayyaf Al Mogren (Trainee Associate).
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