The second tranche represents the sale of a minority stake in 3 assets of the "group".

"DB World" attracts investments of $ 2.4 billion from Saudi Arabia's "immunity".

Bin Sulayem and Al-Fadhli during the signing of the investment agreement.

From the source

The “DB World” group and “Hasana Investment Company”, the investment manager of the General Organization for Social Insurance in Saudi Arabia, announced an investment of about $ 2.4 billion in three of the main “DB World” assets in the UAE.

A statement issued yesterday stated that this investment will represent the second tranche of the sale of a minority stake in the group's shares in Jebel Ali Port, Jebel Ali Free Zone and the National Industries Park, after the successful closing of the first tranche deal in June 2022.

Hassana will invest $2.4 billion in a new joint venture with DB World, which will bring it an economic interest in a stake representing approximately 10.2% of the three UAE assets.

The total investment value of these assets is expected to reach about $23 billion.

Together, Jebel Ali Port, Jebel Ali Free Zone and National Industries Park form a best-in-class infrastructure package with a strong long-term growth track record.

Together, the three entities form a world-class integrated supply chain and logistics system for more than 9,000 companies from around the world, serving more than 3.5 billion consumers globally.

The three assets generated initial revenues of $1.9 billion in 2021.

After closing the second tranche deal on December 19, 2022, the business of the three assets will remain fully integrated into the “DB World” group, as daily operations, dealers, service providers and employees will not be affected.

Sultan Ahmed Bin Sulayem, Chairman and CEO of the DB World Group, said: “We are confident that this partnership will strengthen our assets and balance sheet, and will allow us to benefit from the significant growth potential in the region’s markets by continuing to support the flexibility of our business and diversify our portfolio.” Continuing focus on supply chain solutions.

For his part, Saad bin Abdul Mohsen Al-Fadhli, CEO of Hasana Investment Company, said: “Through the new investment, we look forward to strengthening the investment portfolio with infrastructure assets with a high level of global performance, and a rich history over many years, so that this investment will be an extension of the strategy of Hasana. In investing in critical infrastructure assets in the region with sustainable returns in the long term.

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