General Organisation For Social Insurance agree to acquire 10.2% stake in Strategic Assets of DP world in UAE for $2.4 billion on December 19, 2022. This sale of a strategic minority stake in Jebel Ali Port, Jebel Ali Free Zone and National Industries Park and is the second tranche of the sale of these UAE assets. The investment by Hassana implies a total enterprise value of approximately $23 billion for the three assets. post completion, The three assets will remain fully consolidated businesses within the DP World Group, and their day-to-day operations, customers, service providers and employees will not be affected. Citigroup Inc. (NYSE:C) acted as financial advisor to DP World Limited (UNQ-ARE:DPW).

General Organisation For Social Insurance completed the acquisition of 10.2% stake in Strategic Assets of DP world in UAE on December 19, 2022. Standard Chartered PLC and JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisors to DP World Limited in the transaction.