Egytrans & Links Investment to establish new company in KSA

Egytrans & Links Investment to establish new company in KSA

Egytrans, a leading Egyptian logistics and transport provider renowned for its comprehensive integrated solutions, and Links Investment, a prominent Saudi-based investment firm committed to fostering economic growth and sustainable development, have finalized an agreement to establish a limited liability company (LLC) in the Kingdom. Both entities will hold an equal 50 percent equity stake in […]Egytrans, a leading Egyptian logistics and transport provider renowned for its comprehensive integrated solutions, and Links Investment, a prominent Saudi-based investment firm committed to fostering economic growth and sustainable development, have finalized an agreement to establish a limited liability company (LLC) in the Kingdom.

Both entities will hold an equal 50 percent equity stake in the newly formed company, which is projected to have a total capital of $2 million (10,000,000 SR). The establishment of this joint venture is set for completion by the end of Quarter 1, 2024 with an initial capital of $13,3287 (500,000 SR).

Strategically headquartered in Riyadh, the new company will be poised to enter the transport and logistics industry, offering comprehensive services.

According to the statement, “Leveraging Egytrans’ expertise in project logistics, particularly in the oil, gas, and renewables sectors, the company intends to align with KSA’s upcoming large-scale renewable energy projects scheduled