SEDCO Holding, a leading Saudi investment company, has acquired a 25 percent stake in Tamasuk Holding Company, a wholly owned subsidiary of Al Blagha Group (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.
Tamasuk currently manages a $1 billion (SAR 4 billion) portfolio of projects across diversified infrastructure sectors. Through its partnership with SEDCO Holding, it aims to accelerate its growth trajectory, targeting substantial expansion over the coming years.
“Infrastructure investment is central to enabling Saudi Arabia’s Vision 2030, and we are proud to partner with Al Blagha Group to accelerate Tamasuk’s growth as a national champion with a strong sustainability component. 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. We highly value the support and enabling investment environment offered by the Saudi government, empowering national companies to contribute to achieving Vision 2030 goals.”
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.
Mohammed Al Balwi, Chief Executive Officer of ABG and Chairman of Tamasuk, remarked that, “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. Their investment and expertise will enable Tamasuk to expand its capabilities and reach new heights, delivering greater value to our stakeholders. We are confident that, together, we will grow stronger and achieve greater success.”
Matthew Nathan, Chief Executive Officer of Tamasuk, commented that, “We are excited to welcome SEDCO as a shareholder and partner in 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.”
