ADQ, one of Abu Dhabi’s largest holding companies, has acquired approximately 22 per cent of the issued share capital of Aramex, a global provider of comprehensive logistics and transportation solutions.
“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.
“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,” Murtaza Hussain, Acting Chief Investment Officer, M&A and Alternative Investments at ADQ said.