Jeddah, Saudi Arabia – August 2026: Further to its previous announcement regarding the signing of the Term Sheet between Red Sea Gateway Terminal (RSGT) and CMA CGM, Sustained Infrastructure Holding Company ("SISCO Holding") is pleased to announce RSGT, has now signed a definitive agreement with CMA Terminals Holding (CMATH), a subsidiary of the CMA CGM Group, for the joint development and operation of a new terminal in Jeddah Islamic Port in which CMATH will own a 40% stake and the remaining 60% will be owned by RSGT. The new entity will be fully consolidated under RSGT.

This strategic partnership represents one of the largest foreign direct investments in Saudi Arabia's maritime sector to date and marks another significant milestone in advancing the Kingdom's National Transport and Logistics Strategy and Vision 2030 objectives. The project will create a state-of-the-art container terminal with an annual handling capacity of approximately up to 2.6 million TEUs, supported by advanced terminal technologies and 10 new ship-to-shore cranes, further strengthening Jeddah Islamic Port's role as a leading gateway and connecting Asia, Europe and Africa.

The partnership comes at a pivotal stage in RSGT’s development, following strong recent growth in container volumes at Jeddah Islamic Port, and supports its long-term growth strategy while reinforcing its position as Saudi Arabia’s leading container terminal operator. It brings together RSGT's operational excellence and deep local expertise with CMATH's global shipping network, integrated logistics capabilities and international terminal operating experience. Through the joint venture, RSGT will substantially expand capacity to accommodate rising trade volumes, larger vessel classes and growing regional demand, while strengthening its role as the anchor operator at one of the Kingdom's most strategically important ports.

Mr Mauricio Zuazua, Chief Executive Officer of SISCO Holding, said:

“This landmark partnership reflects the leadership of our portfolio companies and reinforces SISCO Holding's commitment to strategic infrastructure that modernizes logistics across the Gulf and creates long-term value for our shareholders. Terminal 4 marks another important step supporting Saudi Arabia's economic transformation, strengthening RSGT's asset base and validating the trust global industry leaders place in our platform. It reflects SISCO Holding's strategy of pairing our subsidiaries' operational strength with international expertise to advance the Kingdom's logistics ambitions under Vision 2030.

The transaction enables RSGT to continue expanding its capacity while reducing its own capital commitment, preserving liquidity and providing greater flexibility to pursue further growth opportunities and enhance shareholder returns.”

Mr Lars Vang Christensen, Group Chief Executive Officer of RSGT, added:

"Today's signing marks a significant milestone in the development of RSGT and Jeddah Islamic Port. The agreement also reflects our long-term commitment to supporting Saudi Arabia's logistics ambitions as well as our service to valuable customers. Through our upcoming partnership with CMA CGM, and with the continued support of the Ministry of Transport and Logistics Services and Mawani, we are delivering a project that will increase our container capacity significantly, enhance RSGT’s competitiveness and create long-term value for the Kingdom”.

About RSGT

RSGT is Saudi Arabia’s leading port terminal operator, managing six terminals across the Kingdom and internationally. Headquartered in Jeddah, RSGT’s portfolio spans 18 kilometres of quay, with a combined handling capacity exceeding 9.5 million TEUs and 30 million tons of general cargo across its global container and multipurpose operations. Designated as a Saudi National Champion, RSGT operates its flagship terminal in Jeddah - the largest and most advanced container terminal on the Red Sea - which accounts for nearly 40% of Saudi Arabia’s container throughput. RSGT continues to expand its global footprint, driven by operational excellence, digital innovation, and sustainability.

About CMA Terminals Holding

CMA Terminals Holding, a subsidiary of CMA CGM, is a leading port operator with a portfolio of 45 terminals worldwide. Established in 2012, CMA Terminals Holding has been instrumental in the development, management, and operation of container terminals globally. The company is ranked 8th worldwide according to Drewry Global Container Operators Report 2025, handling around 52 million TEUs in 2025. CMA Terminals Holding is committed to providing high-quality services to all shipping lines and securing critical capacity to protect clients' supply chains. The company has shown a strong growth and expansion track record, with an average growth in volume of 16% per year, achieved through strategic investments in hubs and gateways.

About SISCO Holding

SISCO Holding is an investment company with a diversified portfolio of unique assets spanning infrastructure, ports and logistics, and water solutions, building on the success of establishing unique companies that hold market leading positions. SISCO Holding was established in 1984, supported by a team of more than 4,000 employees and provides strategic support to portfolio companies with a clear and long-term investment philosophy to unlock available growth opportunities. The company has assets under management of over SAR seven (7) billion through its eleven (11) strategic portfolio companies.

Disclaimer

This communication has been prepared by Sustainable Infrastructure Holding Company (“SISCO Holding”) and reflects the management’s current expectations or strategy concerning future events that are subject to known and unknown risks and uncertainties. Some of the statements in this communication constitute "forward-looking statements” that do not directly or exclusively relate to historical facts. These forward-looking statements reflect SISCO Holding’s current intentions, plan, expectations, assumptions, and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside SISCO’s control.

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