SISCO Holding’s GDI signs SPA to acquire Transcorp International for SAR 229.75M

Sustained Infrastructure Holding Co. (SISCO Holding) said its portfolio company, Green Dome Investments (GDI), signed a share purchase agreement (SPA) to acquire 100% of Transcorp International for AED 225 million (SAR 229.75 million).

SISCO holds a 31.67% stake in GDI, the company said in a statement to Tadawul.

The acquisition will be financed through equity from GDI shareholders, the statement said, with SISCO’s contribution amounting to AED 75 million (SAR 76.58 million).

Under the agreement, the current owner of Transcorp International will remain in charge to continue driving growth in partnership with GDI.

The transaction is subject to regulatory approvals and other conditions, with closing expected in Q4 2025.

Transcorp International reported revenues of AED 60.8 million (SAR 62.08 million) in 2022, AED 75.8 million (SAR 77.39 million) in 2023, and AED 109.4 million (SAR 111.7 million) in 2024, according to financial data disclosed in the statement.

SISCO said the acquisition will expand GDI’s service offerings and customer base, strengthen operational efficiency and innovation across Gulf markets. It will also enhance cross-border reach, reinforcing its presence in the Saudi market and positioning it as a regional logistics provider.

The deal aligns with SISCO Holding’s strategic objective of enabling its portfolio companies to capitalize on growth opportunities that enhance long-term shareholder value.

The transaction is expected to have a positive financial impact on both GDI and SISCO upon completion.

Founded in 2013, Transcorp International specializes in logistics and supply chain services, with expertise in cold chain and temperature-controlled logistics. It offers diverse services, including warehousing, transportation, and last-mile delivery for both dry and temperature-sensitive goods, serving multiple sectors such as e-commerce, retail, and food services.

Transcorp has a presence in 50 cities across the UAE, Saudi Arabia, and Qatar, supported by a team of over 1,000 professionals.