One of the region’s largest holding company with a diverse portfolio of major enterprises ADQ has acquired nearly 22 percent of the issued share capital of ARAMEX, a Dubai-based regional leader in logistics, courier and package delivery.
The deal was carried out through a an off-market special deal along with several on-market transactions.
ADQ’s Acting Chief Investment Officer for M&A and Alternative Investments Murtaza Hussain stated, “Aramex is a global leader in logistics and transportation, and will complement our logistics investments including Abu Dhabi Ports, Abu Dhabi Airport, and Etihad Rail as we work to expand the logistics ecosystem in the UAE.”
He went on to further add that, “Despite the challenging market conditions, we are confident that Aramex has the right approach to continue building on its leadership position in the industry and enhances Abu Dhabi’s efforts to be a key player in international trade and logistics. With the surge in e-commerce demand this year, their on-the-ground operations and last-mile capacity is an important growth area.”
Abu Dhab-based ADQ was established in 2018 as a public joint-stock company. The organization holds a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, including tourism and hospitality, transportation, logistics, utilities, aviation, industrial, real estate, media, healthcare, food and agriculture, and financial services.
As a strategic partner of the Government of Abu Dhabi, ADQ is committed to supporting the development of Abu Dhabi as a modern, competitive, prosperous and sustainable economy.
Aramex is a Dubai-based logistics, courier and package delivery multinational company which was founded by Fadi Ghandour and Bill Kingson in 1982. It is the first Arab-based company to be listed on the NASDAQ stock exchange. Aramex is listed on the Dubai Financial Market.