Dubai-based Green Dome Investments (GDI) is set to acquire full ownership of Transcorp International, a cold-chain logistics provider operating in the UAE, Saudi Arabia, and Qatar, in a deal valued at AED 225 million (USD 61.3 million). The move aligns with GDI’s broader strategy to expand its regional footprint in the logistics and supply chain sector.
Saudi Tadawul-listed SISCO Holding, which holds a 31.67 per cent stake in GDI, will contribute AED 75 million towards the acquisition. The deal will be financed through equity from GDI’s existing shareholders.
The transaction, anticipated to close in the coming weeks, involves GDI purchasing CE-Ventures’ equity interest in Transcorp.
Following the acquisition, GDI’s logistics subsidiary, Elite Co., will integrate Transcorp’s operations to establish a unified, GCC-wide express and last-mile logistics network.
Once merged, Elite Co. and Transcorp will operate across five GCC markets, managing a combined fleet of more than 1,500 vehicles and 27 warehouses, while catering to a client base exceeding 800.
