Jeddah-headquartered SEDCO Holding, a leading Saudi investment company, and Al Blagha Group (ABG), also a Saudi-based group of companies with diversified commercial and investment activities, recently announced that the former has acquired a 25% stake in Tamasuk Holding Company, a wholly owned subsidiary of ABG, delivering sustainable and transformative infrastructure projects in Saudi Arabia and the wider MENA region.
The agreement marks SEDCO Holding’s inaugural investment in the infrastructure space in Saudi Arabia, aligning with its strategy to diversify its real assets portfolio across geographies, sectors, and asset classes.
Long-term commitment
“SEDCO Holding’s investment in Tamasuk reflects our long-term commitment to investing in sectors that are vital to the Kingdom’s continued growth, transformation, and diversification,” commented Eng. Rayyan Nagadi, Chief Executive Officer, SEDCO Holding.
Tamasuk’s existing portfolio spans a range of strategic, high-impact projects that form the backbone of national infrastructure. As a diversified infrastructure developer, long-term investor and asset owner-operator, the company’s focus is on social and transportation infrastructure, as well as energy and utilities projects.
Strategic alignment
“This partnership with SEDCO Holding is a strategic alignment of goals, built on a shared commitment to growth and an exciting vision for the future,” remarked Mohammed Al Balwi, Chief Executive Officer, ABG and Chairman, Tamasuk.
“This investment enhances our ability to deliver solutions that meet the Kingdom’s and the region’s infrastructure development plans, and positions Tamasuk as the top-tier partner of choice for government and private stakeholders,” concluded Matthew Nathan, Chief Executive Officer, Tamasuk.
