PIF and COSCO Shipping Ports Limited Gets Exposure to Red Sea Gateway Terminal
Posted on 01/28/2021
Saudi Arabia’s Public Investment Fund (PIF) and COSCO Shipping Ports Limited (CSPL) signed separate sale and purchase agreements to acquire Saudi Industrial Services Company’s (SISCO) 21.2% direct equity stake in its subsidiary, Red Sea Gateway Terminal Limited (RSGT), for 556.5 million SAR. The transaction implies an enterprise value for Red Sea Gateway Terminal Limited of […]
