SISCO Holding pens SPA to acquire stake in PSS for SAR 132.6M

In a statement to Tadawul, the company explained that the deal includes a SAR 91.8 million down payment and performance-based earn-out payments of up to SAR 40.8 million, contingent on meeting certain financial targets over the next two years. The acquisition will be fully financed in cash.

The transaction is subject to obtaining the regulatory approvals, including the General Authority for Competition (GAC), the statement added.

The company further indicated that PSS will add a highly profitable and scalable business to SISCO’s portfolio. Moreover, the deal will provide a strong foothold in the Eastern Province and create effective synergies with LogiPoint, enhancing operational integration and unlocking further growth opportunities.

SISCO Holding will fully consolidate PSS into its logistics segment after deal completion, with an expected positive impact on its financial statements starting in Q4 2025.

Alpha Capital acted as the financial advisor to PSS, with Dentons serving as its legal advisor. Greenberg Traurig Khalid Al-Thebity serves as legal advisor to SISCO Holding for the deal, the statement also said.

Established in 2007, PSS is a prominent player in the logistics industry. The company’s service portfolio includes built-to-suit warehousing and comprehensive logistics solutions.

PSS currently manages more than 130,000 square meters (sqm) of logistics infrastructure in Dammam and Jubail and plans to develop a further 280,000 sqm of leasable area in the region.

PSS is also partnering with leading local institutions and international partners to significantly expand its footprint at Jubail Logistics Park. This growth strategy 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.