17
September
2020
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ADQ acquires shares in global logistics firm Aramex

Highlights

ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy, announced it has acquired approximately 22 percent of the issued share capital of Aramex (DFM: ARMX), a leading 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

The shares were acquired through a series of on-market transactions and through an off-market special deal.

About ADQ

Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the Emirate into a globally competitive and knowledge-based economy.

For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on X, Instagram and LinkedIn.

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