Abu Dhabi’s ADQ acquires majority stake in logistics firm Aramex
- 2025-03-11 04:07:01
Abu Dhabi sovereign wealth fund, ADQ, announced on Tuesday that it now holds a majority stake of 58% in logistics company Aramex (DFM:ARMX).
The acquisition was made possible through the completion of a tender offer.
ADQ initially held 22.69% of Aramex shares through Abu Dhabi Ports Group.
The fund increased its stake to 35.31% via a tender offer from its subsidiary, Q Logistics.
ADQ’s unit, Q Logistics Holding, launched the tender offer at a price of 3 dirhams ($0.8169) per share.
The final total of tendered shares will be disclosed on March 28, according to the announcement made by ADQ.
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