| Element List | Explanation |
|---|---|
| Introduction | 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. |
| Previous Announcement | The signing of a Sale and Purchase Agreement (“SPA”) to acquire 51% equity stake in Port Services & Storage Company Limited (PSS) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-10-01 Corresponding to 1447-04-09 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The acquisition of 51% of equity stake in Port Services & Storage Company Limited (PSS) was completed. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | No Changes |
| Additional Information | SISCO Holding will fully consolidate PSS in its financial statements from Q1 2026. |
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