The Clap
Hasana Investment acquired a strategic 10.2% stake of the Jebel Ali Port, affiliated with Dubai Ports World (DP World), in addition to the Jebel Ali Free Zone, and the National Industries Park.
What
The deal is worth $2.4 billion, meaning the total investment value is about $23 billion for the three assets.
The assets will remain fully integrated within DP World, and its day-to-day operations, customers, service providers, and employees will not be affected.
Assets
Jebel Ali Port, Jebel Ali Free Zone, and the National Industries Park together form a world-class integrated supply chain and logistics system for more than 9,000 companies from all over the world, serving more than 3.5 billion consumers globally.
The three assets generated initial revenues of $1.9 billion in 2021.
So What
Hasana Investment is the investment manager of the General Organization for Social Insurance in KSA, owning the largest pension funds in the world that seek to maximize returns on the organization’s investments.
Now What
This investment represents the second tranche of the sale of a strategic minority stake in the assets of DB World in the UAE, after a $5 billion deal that closed last June.
