Industry News
Sisco-Backed GDI Completes SAR 230 Million Acquisition of UAE Cold-Chain Specialist Transcorp
Saudi-listed SISCO Holding announced that portfolio company Green Dome Investments has closed the 100% acquisition of Dubai-based Transcorp International for SAR 230 million (AED 225 million). The transaction was funded through equity from GDI shareholders, including approximately SAR 77 million from SISCO, marking the exit of Crescent Enterprises' CE-Ventures. Transcorp's UAE and Qatar operations will merge into GDI subsidiary Elite Co., creating a platform managing 1,500 vehicles and 27 warehouses across five GCC markets.
