Green Dome Investments (GDI), the UAE’s leading logistics and supply chain investments platform, has agreed to acquire Transcorp International (Transcorp), a specialist in cold-chain logistics operating in the UAE, Saudi Arabia and Qatar.
Elite Co., the operating arm of GDI, focused on building integrated logistics solutions spanning fulfilment, middle-mile, last-mile and express services, will integrate Transcorp’s operations, supported by GDI’s investment, to create one of the GCC’s leading last-mile and express logistics providers.
Since 2021, Elite Co. has more than doubled its network and customer base, evolving into a leading technology-driven logistics provider, and laying the foundation for an integrated, multi-sector logistics platform. Elite Co’s. digital-tracking and route-optimization systems will enhance reliability and improve delivery speed across Transcorp’s cold-chain network.
Integrating Transcorp’s cold-chain network with Elite Co.’s express operations will create one of the GCC’s most comprehensive logistics ecosystems, capable of serving everything from pharmaceuticals and food to e-commerce fulfilment. In 2024, GDI also acquired LogX, a cold-chain last-mile operator that was integrated under Elite Co., a move that laid the groundwork for today’s acquisition of Transcorp and further strengthens GDI’s position in temperature-controlled logistics.
Between 2019 and 2024, Transcorp’s revenue grew at a 50 percent CAGR and the agreed acquisition reflects GDI’s disciplined approach to regional M&A. The transaction, which is expected to complete in the coming weeks, will see GDI acquire CE-Ventures’ equity stake in Transcorp. As the corporate venture capital platform of Crescent Enterprises, CE-Ventures first invested in Transcorp in 2018, helping scale the company into a leading player in cold-chain fulfilment, last-mile delivery and B2B distribution across the GCC.
CE-Ventures’ exit reflects Crescent Enterprises’ ongoing strategy of supporting portfolio companies from early growth to scale and institutional maturity, creating lasting regional value while catalyzing sector consolidation.
Together, Elite Co. and Transcorp will operate across five GCC countries, managing a fleet of over 1,500 vehicles, 27 warehouses, and serving over 800 clients. Furthermore, the acquisition accelerates Elite Co.’s regional expansion and strengthens its position in Saudi Arabia’s logistics market, as it invests more than $266.55 billion [(SAR 1 trillion), (AED 979 billion)] in logistics under Vision 2030.
Saadi Abdul Rahim Hassan Al Rais Chairman – Green Dome Investments
“Our acquisition of Transcorp will expand our footprint in Saudi Arabia and strengthen our exposure to temperature-controlled logistics, one of the fastest-growing subsectors in the GCC. We are committed to empowering our portfolio companies with capital and operational expertise, enabling them to scale, innovate, and deliver world-class logistics solutions. This transaction underscores our confidence in the sector’s long-term growth and our ambition to play a central role in shaping its future.”
Dr Mohammad Sharaf, CEO of Green Dome Investments, noted that, “Our strategic acquisition of key logistics assets positions us to capitalize on the rapidly growing cold storage and e-commerce sectors in the UAE and Saudi Arabia, projected to reach $7.6 billion and $5.2 billion respectively by 2030, ensuring our integrated operations are primed to capture the robust growth outlook across both countries. By unifying our portfolio, we strengthen our long-term commitment to supply chain resilience and regional economic diversification.”
Hisham Albahar, CEO of Elite Co., expressed that Transcorp’s strong presence in cold-chain logistics and its expanding GCC network would significantly enhance Elite Co.’s ability to serve a wider range of industries while meeting the rising demand for high-quality, temperature-controlled supply chain solutions. He added that the acquisition offers a crucial strategic foothold in Saudi Arabia, and under Rodrigue’s ongoing leadership, Transcorp is set to become a cornerstone of Elite Co.’s regional expansion and a driving force behind its cold-chain logistics platform.
Image credits: Elite Co | Cropped by GBN
Rodrigue Nacouzi, CEO of Transcorp International, said the partnership goes beyond a transaction, reflecting a shared vision and values. He thanked CE-Ventures for their early support and noted that with GDI and Elite Co.’s backing, Transcorp is now equipped with greater resources and reach to drive innovation and deliver enhanced value across the GCC.
Since 2017, GDI will have acquired four regional logistics operators, deploying more than $120 million since inception. Backed by key shareholders such as SISCO Holding, Saudi’s first publicly listed infrastructure investment holding company, GDI has created a multi-sector regional logistics platform across express, e-commerce fulfilment and cold-chain services.
This acquisition underscores GDI’s ambition to build the region’s first fully integrated logistics investment platform as it explores additional strategic acquisitions in 2026 to expand its operational services and geographic reach.
