{ "schema_version": 1, "id": "sisco:1:384", "entry_id": 384, "channel": "news", "kind": "news", "language": "en", "slug": "port-services-storage-51-percent-acquisition-completion-2026", "title": "An Update on Signing of a Sale and Purchase Agreement (“SPA”)", "url": "https://sisco.uxpan.net/en/media/press/view/port-services-storage-51-percent-acquisition-completion-2026/", "markdown_url": "https://sisco.uxpan.net/en/md/news/port-services-storage-51-percent-acquisition-completion-2026.md", "raw_url": "https://sisco.uxpan.net/en/md/raw/news/port-services-storage-51-percent-acquisition-completion-2026.json", "published_at": "2026-01-13T08:01:00+00:00", "updated_at": "2026-10-12T02:25:29+00:00", "publication_status": "public", "knowledge_approval": "not_assessed", "translations": [ { "id": "sisco:1:383", "language": "ar", "url": "https://sisco.uxpan.net/ar/media/press/view/port-services-storage-51-percent-acquisition-completion-2026/", "markdown_url": "https://sisco.uxpan.net/ar/md/news/port-services-storage-51-percent-acquisition-completion-2026.md", "raw_url": "https://sisco.uxpan.net/ar/md/raw/news/port-services-storage-51-percent-acquisition-completion-2026.json" } ], "source_revision": "8a2f5cf5ec79ce14071111b2247f5704199faa345470b15f1b7022a902476813", "representation": "rendered_public_components", "components": [ { "type": "entry", "markdown": "# An Update on Signing of a Sale and Purchase Agreement (“SPA”)\n\n[Original page](\u003Chttps://sisco.uxpan.net/en/media/press/view/port-services-storage-51-percent-acquisition-completion-2026/\u003E)", "blocks": [ { "type": "heading", "level": 1, "text": "An Update on Signing of a Sale and Purchase Agreement (“SPA”)" }, { "type": "p", "markdown": "[Original page](\u003Chttps://sisco.uxpan.net/en/media/press/view/port-services-storage-51-percent-acquisition-completion-2026/\u003E)" } ] }, { "type": "news", "markdown": "2026-01-13\n\nSustained Infrastructure Holding Co. Announces an Update on Signing of a Sale and Purchase Agreement (“SPA”) to Acquire 51% Equity Stake in Port Services & Storage Company Limited (PSS)\n\n\u003Ctable\u003E\u003Cthead\u003E\u003Ctr\u003E\u003Cth\u003EElement List\u003C/th\u003E\u003Cth\u003EExplanation\u003C/th\u003E\u003C/tr\u003E\u003C/thead\u003E\u003Ctbody\u003E\u003Ctr\u003E\u003Ctd\u003EIntroduction\u003C/td\u003E\u003Ctd\u003EPursuant 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 & 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.\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EPrevious Announcement\u003C/td\u003E\u003Ctd\u003EThe signing of a Sale and Purchase Agreement (“SPA”) to acquire 51% equity stake in Port Services & Storage Company Limited (PSS)\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EDate of Previous Announcement on Saudi Exchange’s Website\u003C/td\u003E\u003Ctd\u003E2025-10-01 Corresponding to 1447-04-09\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EHyperlink to the Previous Announcement on the Saudi Exchange Website\u003C/td\u003E\u003Ctd\u003E\u003Ca href=\"https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=90457&anCat=1&cs=2190&locale=en\"\u003EClick Here\u003C/a\u003E\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003ELatest Developments Of The Announced Event\u003C/td\u003E\u003Ctd\u003EThe acquisition of 51% of equity stake in Port Services & Storage Company Limited (PSS) was completed.\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EThe costs associated with the event, and if they have changed or not with indication of the reasons.\u003C/td\u003E\u003Ctd\u003ENo Changes\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EAdditional Information\u003C/td\u003E\u003Ctd\u003ESISCO Holding will fully consolidate PSS in its financial statements from Q1 2026.\u003C/td\u003E\u003C/tr\u003E\u003C/tbody\u003E\u003C/table\u003E", "blocks": [ { "type": "text", "text": "2026-01-13" }, { "type": "p", "markdown": "Sustained Infrastructure Holding Co. Announces an Update on Signing of a Sale and Purchase Agreement (“SPA”) to Acquire 51% Equity Stake in Port Services & Storage Company Limited (PSS)" }, { "type": "table", "rows": [ [ { "text": "Element List", "header": true, "rowspan": 1, "colspan": 1 }, { "text": "Explanation", "header": true, "rowspan": 1, "colspan": 1 } ], [ { "text": "Introduction", "header": false, "rowspan": 1, "colspan": 1 }, { "text": "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 & 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.", "header": false, "rowspan": 1, "colspan": 1 } ], [ { "text": "Previous Announcement", "header": false, "rowspan": 1, "colspan": 1 }, { "text": "The signing of a Sale and Purchase Agreement (“SPA”) to acquire 51% equity stake in Port Services & Storage Company Limited (PSS)", "header": false, "rowspan": 1, "colspan": 1 } ], [ { "text": "Date of Previous Announcement on Saudi Exchange’s Website", "header": false, "rowspan": 1, "colspan": 1 }, { "text": "2025-10-01 Corresponding to 1447-04-09", "header": false, "rowspan": 1, "colspan": 1 } ], [ { "text": "Hyperlink to the Previous Announcement on the Saudi Exchange Website", "header": false, "rowspan": 1, "colspan": 1 }, { "text": "Click Here", "header": false, "rowspan": 1, "colspan": 1 } ], [ { "text": "Latest Developments Of The Announced Event", "header": false, "rowspan": 1, "colspan": 1 }, { "text": "The acquisition of 51% of equity stake in Port Services & Storage Company Limited (PSS) was completed.", "header": false, "rowspan": 1, "colspan": 1 } ], [ { "text": "The costs associated with the event, and if they have changed or not with indication of the reasons.", "header": false, "rowspan": 1, "colspan": 1 }, { "text": "No Changes", "header": false, "rowspan": 1, "colspan": 1 } ], [ { "text": "Additional Information", "header": false, "rowspan": 1, "colspan": 1 }, { "text": "SISCO Holding will fully consolidate PSS in its financial statements from Q1 2026.", "header": false, "rowspan": 1, "colspan": 1 } ] ] } ] } ], "attachments": [], "content_sha256": "f5418672c6cefd9691c39b616f8a1ea7c3cfdddaf1a3ed14ac54229f15f18712", "markdown": "# An Update on Signing of a Sale and Purchase Agreement (“SPA”)\n\n[Original page](\u003Chttps://sisco.uxpan.net/en/media/press/view/port-services-storage-51-percent-acquisition-completion-2026/\u003E)\n\n2026-01-13\n\nSustained Infrastructure Holding Co. Announces an Update on Signing of a Sale and Purchase Agreement (“SPA”) to Acquire 51% Equity Stake in Port Services & Storage Company Limited (PSS)\n\n\u003Ctable\u003E\u003Cthead\u003E\u003Ctr\u003E\u003Cth\u003EElement List\u003C/th\u003E\u003Cth\u003EExplanation\u003C/th\u003E\u003C/tr\u003E\u003C/thead\u003E\u003Ctbody\u003E\u003Ctr\u003E\u003Ctd\u003EIntroduction\u003C/td\u003E\u003Ctd\u003EPursuant 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 & 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.\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EPrevious Announcement\u003C/td\u003E\u003Ctd\u003EThe signing of a Sale and Purchase Agreement (“SPA”) to acquire 51% equity stake in Port Services & Storage Company Limited (PSS)\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EDate of Previous Announcement on Saudi Exchange’s Website\u003C/td\u003E\u003Ctd\u003E2025-10-01 Corresponding to 1447-04-09\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EHyperlink to the Previous Announcement on the Saudi Exchange Website\u003C/td\u003E\u003Ctd\u003E\u003Ca href=\"https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=90457&anCat=1&cs=2190&locale=en\"\u003EClick Here\u003C/a\u003E\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003ELatest Developments Of The Announced Event\u003C/td\u003E\u003Ctd\u003EThe acquisition of 51% of equity stake in Port Services & Storage Company Limited (PSS) was completed.\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EThe costs associated with the event, and if they have changed or not with indication of the reasons.\u003C/td\u003E\u003Ctd\u003ENo Changes\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EAdditional Information\u003C/td\u003E\u003Ctd\u003ESISCO Holding will fully consolidate PSS in its financial statements from Q1 2026.\u003C/td\u003E\u003C/tr\u003E\u003C/tbody\u003E\u003C/table\u003E" }