---
id: "sisco:1:384"
title: "An Update on Signing of a Sale and Purchase Agreement (“SPA”)"
language: "en"
url: "https://sisco.uxpan.net/en/media/press/view/port-services-storage-51-percent-acquisition-completion-2026/"
published_at: "2026-01-13T08:01:00+00:00"
updated_at: "2026-10-12T02:25:29+00:00"
knowledge_approval: "not_assessed"
content_sha256: "f5418672c6cefd9691c39b616f8a1ea7c3cfdddaf1a3ed14ac54229f15f18712"
---

# An Update on Signing of a Sale and Purchase Agreement (“SPA”)

[Original page](<https://sisco.uxpan.net/en/media/press/view/port-services-storage-51-percent-acquisition-completion-2026/>)

2026-01-13

Sustained Infrastructure Holding Co. Announces an Update on Signing of a Sale and Purchase Agreement (“SPA”) to Acquire 51% Equity Stake in Port Services &amp; Storage Company Limited (PSS)

<table><thead><tr><th>Element List</th><th>Explanation</th></tr></thead><tbody><tr><td>Introduction</td><td>Pursuant to the announcement made by Sustainable Infrastructure Holding Company ("SISCO Holding") on the Saudi Exchange dated 01-10-2025, related to the signing of the Sale and Purchase Agreement (SPA) to acquire a 51% equity stake in Port Services &amp; Storage Company Limited (PSS), SISCO Holding announces that it has now completed the acquisition of a 51% of equity stake in PSS on 12-01-2026, for an agreed purchase price of SAR 132.6 million. The acquisition comprises an initial cash consideration of SAR 91.8 million and performance-based earn-out payments of up to SAR 40.8 million conditional on the achievement of specific financial targets over the next 2 years. The acquisition is fully financed by cash.</td></tr><tr><td>Previous Announcement</td><td>The signing of a Sale and Purchase Agreement (“SPA”) to acquire 51% equity stake in Port Services &amp; Storage Company Limited (PSS)</td></tr><tr><td>Date of Previous Announcement on Saudi Exchange’s Website</td><td>2025-10-01 Corresponding to 1447-04-09</td></tr><tr><td>Hyperlink to the Previous Announcement on the Saudi Exchange Website</td><td><a href="https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=90457&amp;anCat=1&amp;cs=2190&amp;locale=en">Click Here</a></td></tr><tr><td>Latest Developments Of The Announced Event</td><td>The acquisition of 51% of equity stake in Port Services &amp; Storage Company Limited (PSS) was completed.</td></tr><tr><td>The costs associated with the event, and if they have changed or not with indication of the reasons.</td><td>No Changes</td></tr><tr><td>Additional Information</td><td>SISCO Holding will fully consolidate PSS in its financial statements from Q1 2026.</td></tr></tbody></table>