After completing all the necessary conditions and obtaining the required regulatory approvals, the founding shareholders of Red Sea Gateway Terminal Limited (RSGT) have officially completed a 40% equity sale to the Public Investment Fund (PIF) and Cosco Shipping Ports Limited (CSPL), each of which now holds a 20% stake in the Jeddah terminal operator.
The investment from PIF is expected to help to transform RSGT into both a regional and global logistics hub, while the terminal will benefit from...
https://www.themaritimestandard.com/rsgt-completes-equity-sale-deal/