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Draft:Sustained Infrastructure Holding Company

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Sustained Infrastructure Holding Company
SJSC
Native name
SISCO Holding
Company typeSaudi joint stock company
IndustryInvestment holding
Founded1984
Headquarters
Jeddah
,
Saudi Arabia
Key people
  • Khalid Suleimani (CEO)
  • Mahmood Hussain (CFO)
Websitesisco.com.sa/en/

Sustained Infrastructure Holding Company (SISCO Holding) is a Saudi Arabian investment holding company that owns a group of commercial assets in the ports, logistics, and water solutions sectors.[1] SISCO Holding is known as a pioneer in the logistics and infrastructure sector in the Kingdom of Saudi Arabia and the first company in the infrastructure sector to be listed on the Saudi Stock Exchange (Tadawul).[2]

History

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SISCO Holding was founded in 1984 as an infrastructure and logistics investment company in Saudi Arabia.[3] In 1990, the company began providing industrial services in the Jeddah and Riyadh regions.[4]

In 2002, SISCO became the first infrastructure company to be traded on the Saudi main stock market Tadawul.[3] In 2007, the company established the Red Sea Gateway Terminal (RSGT) which later started operations in 2009.[5]

In 2023, SISCO changed its name to Sustained Infrastructure Holding Company (SISCO Holding).[6] Same year, the company completed the purchase of 31.7% stake in the logistics investment fund Green Dome, from its subsidiary LogiPoint, to deepen its penetration of the logistics services space.[7] Also in 2023, SISCO Holding crossed SAR 1 billion revenue mark for the first time in its history.[8]

Business Model

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SISCO Holding engages in continued strategic investment in brownfield assets that attract strategic investors. [9] The company also provides Portfolio Companies with comprehensive advisory and support services.[9]

Partners

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SISCO Holding established partnerships with the Public Investment Fund (PIF).[10] Among its local partners include Abdul Latif Jameel and Azmeel.[11] Notable among its International partners include MMC Corporation, Acciona, COSCO Shipping, and others.[11]

References

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  1. ^ Riyadh -Maaal,"SISCO Holding Rebrands as Sustained Infrastructure Holding". en.maaal.com. 16 October 2024. Retrieved 25 November 2024.
  2. ^ "Sustained Infrastructure Holding Company (SISCO Holding) (formerly known as Saudi Industrial Services Company) announces the signing of a contract for one of its portfolio companies with Chittagong Port Authority". saudiexchange.sa. 16 October 2024. Retrieved 25 November 2024.
  3. ^ a b "Sustained Infrastructure Holding Co". saudiexchange.sa. Retrieved 25 November 2024.
  4. ^ Riyadh -Maaal,"SISCO Holding's unit extends lease contract in Jeddah Islamic Port". zawya.com. 17 September 2024. Retrieved 25 November 2024.
  5. ^ "SISCO unit RSGT inks USD 170 mn concession agreement for Patenga Container Terminal". enterprise.news. 7 December 2023. Retrieved 25 November 2024.
  6. ^ "SISCO completes identity rebranding". argaam.com. 16 October 2024. Retrieved 25 November 2024.
  7. ^ "Saudi Arabia's Sisco to acquire 31.7% stake in Dubai's Green Dome". thenationalnews.com. 21 March 2022. Retrieved 25 November 2024.
  8. ^ "SISCO Holding Delivers Record Revenue of SAR 1 billion and Adjusted Net Profit Growth of 112.6% to SAR 88.3 million in 2023" (PDF). saudiexchange.sa. Retrieved 25 November 2024.
  9. ^ a b "SISCO subsidiary extends Jeddah Islamic Port lease for 10 years". argaam.com. 16 September 2009. Retrieved 25 November 2024.
  10. ^ "Saudi: SISCO Holding's subsidiary signs $170mln concession for PCT". zawya.com. 27 December 2023. Retrieved 25 November 2024.
  11. ^ a b "Annual Report" (PDF). argaamplus.s3.amazonaws.com. Retrieved 25 November 2024.
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Category:Companies of Saudi Arabia Category:1984 establishments in Saudi Arabia Category:Investment companies of Saudi Arabia Category:Holding companies of Saudi Arabia

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