The Emirati terminal operator AD Ports Group has bought the 19.328% of the capital of the Egyptian Alexandria Container & Cargo Handling Company (ALCN) in the hands of Saudi Egyptian Investment Company (SEIC) of the Saudi sovereign wealth fund for about 13.2 billion Egyptian pounds ($278 million). ALCN operates the Alexandria Terminal container terminal in the port of Alexandria and the container terminal of the port of El Dekheila which in 2024 handled a total of container traffic equal to over one million TEUs, with an increase of +24.8% on the year and in the first eight months of 2025 they handled 740 thousand TEU, with a growth of +2.0% over the same period last year year. The annual traffic capacity of both terminals is equal to 1.5 million TEUs.

The reference shareholder of the ALCN is the Egyptian Government Holding Company for Maritime and Land Transport (HCMLT) which owns 35.369% of the capital.