Abu Dhabi’s ADQ has announced a successful voluntary tender offer for Aramex PJSC submitted by its wholly-owned indirect subsidiary Q Logistics Holding LLC.
With this, ADQ will become the majority shareholder in Aramex, subject to successful completion of the transaction, with cumulative ownership of 58 percent of shares achieved, including those already owned by AD Ports Group, in which ADQ holds a majority stake.
ADQ, an active sovereign investor with a focus on critical infrastructure and global supply chains, had in January revealed plans to acquire up to 100 percent of the issued and paid-up share capital of Aramex not already held by AD Ports.
Read: Abu Dhabi’s ADQ plans to acquire Aramex, bolster logistics holdings
Mansour AlMulla, deputy group CEO at ADQ, commented: “Aramex will be an integral component of our transport and logistics cluster, which already includes leading companies such as AD Ports Group, Abu Dhabi Airports, Etihad Airways, and Etihad Rail. As the majority shareholder in Aramex, we have plans to leverage our extensive track record of growing local companies into globally competitive market leaders for the benefit of Aramex and all its stakeholders.”
As per SCA regulations, ADQ has discretion to accept shares from shareholders who did not tender during the offer period until 3:00pm (UAE time) on March 24, 2025 at the offer price of AED3.00 per share. The final total number of tendered shares will be announced on March 28, 2025.
Wide network
Headquartered in the UAE and listed on the Dubai Financial Market (DFM), Aramex operates in 600+ cities across 70 countries. The company provides logistics and transportation services including domestic and international express delivery by road, air and sea.
With this acquisition, ADQ aims to expand its footprint in critical infrastructure and supply chains.
