PHOTO
Saudi-listed investment firm, Sustainable Infrastructure Holding Company (SISCO Holding) has acquired a 51% equity stake in Port Services & Storage Company Limited (PSS) for SAR 132.6 million ($35.36 million).
The acquisition is fully financed by cash and comprises an initial payment of SAR 91.8 million ($24.48 million) along with performance-based earn-out payments of up to SAR 40.8 million ($10.8 million) conditional on achieving specific financial targets over the next two years.
SISCO Holding will fully consolidate PSS in its financial statements from Q1 2026.
(Written by Farah Heiba; Edited by Seban Scaria)
