SISCO delivered strong top and bottom-line results in the first half of the year with the port segment continuing to increase its market share in Jeddah Islamic Port for both gateway and transshipment volumes recording a 12% increase in total throughput year-on-year. Despite the positive port segment growth, overall gateway volumes across the Kingdom came under pressure during the second quarter.

SISCO will receive total gross proceeds of SAR 556.5 million for the Transaction. The application of the proceeds, which is currently under review, will support the Company’s strategic objectives of enhancing shareholder returns and optimizing its portfolio.