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ADQ has acquired a 63.26% stake in Aramex through a voluntary cash offer via Q Logistics Holding, valuing the courier firm at approximately Dh4.39 billion. The offer, priced at Dh3 per share, received a 40.57% acceptance from shareholders and follows ADQ's existing 22.69% stake through Abu Dhabi Ports Group. This move is part of ADQ's strategy to enhance its logistics portfolio, which includes various transport assets.
Abu Dhabi's ADQ has acquired a 63.26% stake in Dubai-listed courier firm Aramex through its subsidiary, Q Logistics Holding, which secured 40.57% of shares in a voluntary cash offer. The offer, priced at 3 dirhams (US$0.82) per share, values Aramex at 4.39 billion dirhams (US$1.2 billion). This acquisition is part of ADQ's strategy to enhance its transport and logistics portfolio, which includes Abu Dhabi Ports Company and Etihad Airways.
IHC has divested a $210 million stake in Adani Enterprises, while Trump has announced an upcoming visit to Saudi Arabia. Additionally, ADQ has acquired a 58% stake in Aramex, Binance secured a $2 billion investment from MGX, and FAB has approved a record dividend of Dh8.3 billion.
Abu Dhabi's ADQ has acquired a 58% stake in Aramex, becoming the majority shareholder after a Dh1.5 billion voluntary tender offer. This includes a 35.31% stake from the tender and an existing 22.69% from AD Ports Group, valuing Aramex at approximately Dh4.39 billion. The offer, priced at Dh3.00 per share, represents significant premiums over previous trading averages, and ADQ can accept additional shares until March 24, 2025.
Abu Dhabi's ADQ has received approval to acquire Aramex, a leading logistics and supply chain company in the Middle East, listed on the DFM. Aramex has expanded its international network and benefited from the e-commerce boom post-Covid, while also undergoing significant financial and corporate restructuring.
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