SISCO Holding acquires 51% stake in PSS for SAR 132.6M

 In a statement to Tadawul, the company said the acquisition was fully funded in cash.

SISCO Holding explained that the transaction includes an initial cash payment of SAR 91.8 million, in addition to conditional performance-based payments of up to SAR 40.8 million, subject to the achievement of specific financial targets over the next two years.

The company added that PSS will be fully consolidated into its financial statements starting from Q1 2026.

According to data available with Argaam, SISCO Holding signed a sale and purchase agreement (SPA) in October 2025 to acquire a 51% stake in PSS for SAR 132.6 million.

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.