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Saudi wealth fund PIF and Cosco Shipping Ports pick up 40% in terminal operator

Saudi wealth fund PIF and Cosco Shipping Ports pick up 40% in terminal operator
gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.

Saudi arabiaUnited arab emiratesRed seaDjibouti generalSaudi arabianSaudi public investment fundRed sea gateway terminal ltdSaudi arabian ports authorityPublic investment fundImage creditCosco shipping portsRed sea gateway terminalEast africaNorth container terminalJeddah islamic portசவுதி அரேபியா

Saudi PIF, Cosco buy Red Sea Terminal stake for $280m

Saudi PIF, Cosco buy Red Sea Terminal stake for $280m
tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.

Saudi arabiaRed seaDjibouti generalSaudi industrial services companyRed sea gateway terminal limitedPublic investment fundSaudi arabian ports authority mawaniCosco shipping portsWest coastIndustrial services companyEast africaJeddah islamic portSaudi arabian ports authorityசவுதி அரேபியாசிவப்பு கடல்சவுதி தொழில்துறை சேவைகள் நிறுவனம்

RSGT announces completion of USD 280 million equity sale to PIF & COSCO SHIPPING Ports Limited

RSGT announces completion of USD 280 million equity sale to PIF & COSCO SHIPPING Ports Limited
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Saudi arabiaRed seaDjibouti generalRed sea gateway terminal limitedEsports limitedPublic investment fundSaudi arabian ports authority mawaniWest coastEast africaJeddah islamic portSaudi arabian ports authorityNorth container terminalசவுதி அரேபியாசிவப்பு கடல்சிவப்பு கடல் நுழைவாயில் முனையத்தில் வரையறுக்கப்பட்டவைபோர்ட்ஸ் வரையறுக்கப்பட்டவை

COSCO Ports takes stake in Saudi Arabian terminal

COSCO Ports takes stake in Saudi Arabian terminal January 29, 2021, by Naida Hakirevic China’s COSCO Shipping Ports (CSPL) has entered into an agreement with the founding shareholders of Saudi Arabia’s Red Sea Gateway Terminal Limited (RSGT) to acquire a 20 per cent stake in the terminal which is located at Jeddah Islamic Port. Sound Joyce Enterprises Limited, a subsidiary of CSPL, bought the stake for $140 million. The Jeddah Islamic Port is strategically located in the Red Sea region and is close to the major shipping routes. It has a wide coverage of container market in the Middle East and East Africa. The acquisition is in line with COSCO’s globalisation strategy, the company said.

Saudi arabiaRed seaDjibouti generalSaudi industrial services companyCorporation berhadXenel industriesPublic investment fundSaudi arabian ports authority mawaniCity island holdingJoyce enterprisesSaudi arabia red sea gateway terminal limitedRed sea gateway terminal limitedJeddah islamicJoyce enterprises limitedJeddah islamic portMiddle east

Red Sea Gateway Terminal to sell 40% stake to Cosco and PIF

Cosco and PIF have entered into separate agreements to each purchase a 20% equity interest in Red Sea Gateway Terminal.

Saudi arabiaRed seaDjibouti generalUnited kingdomInforma markets united kingdomSaudi arabian ports authority mawaniSaudi arabian ports authorityJeddah islamic portNorth containerInforma marketsசவுதி அரேபியாசிவப்பு கடல்ஒன்றுபட்டது கிஂக்டம்தகவல் சந்தைகள் ஒன்றுபட்டது கிஂக்டம்சவுதி அரேபியன் போர்ட்ஸ் அதிகாரம் மவனிசவுதி அரேபியன் போர்ட்ஸ் அதிகாரம்