Abu Dhabi Holding Company (ADQ) announced that it has acquired 22% of Aramex's issued capital stake.
According to the Emirates News Agency, Mortada Hussain, Acting Head of Alternative Investments and Mergers and Acquisitions at Holding, said: Aramex is in a pioneering position as a provider of transportation and logistics solutions. The step is to complete our portfolio of investments in the logistics sector, which includes Abu Dhabi Ports, Abu Dhabi Airports and Etihad Railways, to continue our journey to expand the logistics system in the United Arab Emirates.
He added that despite the challenges the market is facing, we are confident of the firm approach taken by Aramex to continue strengthening its leading position in this sector and stimulating the efforts of the Emirate of Abu Dhabi, which aim to Be a major player in trade and logistics globally.
and stated that in light of the increase in demand for e-commerce services this year, Aramex operations in receiving and delivering goods services are of fundamental importance for growth. This stake in Aramex shares through a set of trading deals, as well as a private direct deal between the two parties.
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