AD Ports Group eyes controlling stake in Alexandria Container via MTO

Updated 12/15/2025 10:41:00 AM

Arab Finance: AD Ports Group plans to launch a cash-mandatory tender offer (MTO) to acquire an additional stake in Alexandria Container and Cargo Handling Company, according to a press release.

The transaction would grant the UAE-based company the majority ownership and control of one of the largest container terminal operators in Egypt.

Therefore, AD Ports intends to acquire around 32% stake under the offering, which is expected to be completed in the second quarter (Q2) of 2026.

Under the terms of the MTO, AD Ports will offer EGP 22.99 per share, targeting a minimum uptake of close to 32% to gain control over the EGX-listed company.

Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports, stated: “By acquiring a majority stake in ALCN, we would be maximizing our engagement and expanding our operational footprint along one of the world’s most critical maritime routes.”

“This investment would support our efforts to facilitate trade through this vital corridor, while deepening our partnerships and expanding our investments in Egypt, one of our fastest-growing foreign markets,” Al Shamisi added.

He noted: “This major strategic deployment in Egypt would be fully aligned with the directives of our wise leadership to drive economic diversification, strengthen regional integration, and deliver long-term value for our stakeholders.”

In November, the ADX-listed group acquired its first position in Alexandria Container, a 19.3% stake, from Saudi Egyptian Investment Company (SEIC) through a block trade.