The UAE port, maritime and logistics group AD Ports has announced today the launch of a binding offer to acquire the control of the Alexandria Container & Cargo Handling Company (ALCN), an Egyptian terminal operator that operates containers Alexandria Terminal Alexandria Port Terminal and El Dekheila Dekheila Port Terminal. The offer provides for the acquisition of a further 32% of the share capital of the ALCN which is would add to the 19.3% stake sold last month by Saudi Egyptian Investment Company (SEIC) to AD Ports ( of 24 November 2025).

The proposed takeover includes a £22.99 offer Egyptian elections for each action of the NCMP with the aim of obtaining at least an additional 32% of the entire capital with an investment that would amount to at least 20.7 billion Egyptian pounds (435 million dollars). In November, AD Ports had paid about 24.3 Egyptian pounds per share to acquire 19.3% of the capital.

AD Ports specified that, with the offer, the stake held by government institutions in the ALCN will remain unchanged. The reference is to the Holding Company for Maritime & Land Transport (HCMLT) and the General Authority for Alexandia Port which hold approximately 35.4% and 7.6% of the share capital, respectively of the ALCN. In addition, AD Ports has announced that it is evaluating several options to finance the acquisition.