Dubai – Mubasher: Q Logistics Holding, a wholly owned indirect subsidiary of ADQ, submitted a voluntary tender offer to acquire a stake in Aramex, according to a press release.
Upon completing the transaction, ADQ will become the majority shareholder in Aramex, with cumulative ownership of 58% of shares achieved, including those already owned by AD Ports Group, in which ADQ holds a majority stake.
Mansour Al Mulla, Deputy Group CEO at ADQ, commented: “Aramex will be an integral component of our Transport & 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,” Al Mulla noted.
In 2024, the net profits attributable to the owners of Aramex climbed by 10% year-on-year (YoY) to AED 141.81 million from AED 129.29 million.
