Abu Dhabi's ADQ clears way to be owner of Aramex

11/03/2025 06:53 AST

Aramex, the Dubai-based logistics company, has been acquired by Q, marking one of the bigger corporate takeovers in the UAE.

Q Logistics is part of ADQ, the Abu Dhabi investment company with assets that straddle different sectors. In recent years, ADQ and its various entities have been active in multiple big-ticket deals.

Synergies with ADQ's other assets
"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," said Mansour AlMulla, Deputy Group CEO at ADQ.

"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."

ADQ's cumulative ownership in Aramex extends to 58%, subject to successful completion of the transaction. (The ADQ asset size were valued at $225 billion as of end June 2024.)

"ADQ's shareholding includes acceptances for 35.31% of shares in the successful tender offer, which closed on 10 March 2025, and 22.69% of shares owned by AD Ports Group," said a statement.

Aramex, listed on DFM, has through the years become one of the biggest names in the Middle East within the logistics and supply chain industry. It has built up a sizable network overseas, and has been a recipient of the ecommerce induced boom times in the logistics business after Covid. In recent years, Aramex has also done a fair bit of financial and corporate restructuring.

As per the UAE regulator SCA rules, ADQ has the 'discretion to accept shares from shareholders who did not tender during the offer period until 3:00pm on 24 March at the offer price of Dh3 per share'.

The final number of tendered shares will be announced on March 28.

Gulfnews