Abu Dhabi’s ADQ buys 22% stake in logistics giant Aramex

Abu Dhabi’s ADQ buys 22% stake in logistics giant Aramex

ADQ, the Abu Dhabi-based holding company, announced oon Thursday that it has acquired a 22 percent stake in Aramex, the global provider of logistics and transportation solutions.

The shares were acquired through a series of on-market transactions and through an off-market special deal, the company said in a statement, with disclosing the value of the deal.

ADQ was established in 2018 and holds a broad portfolio of major enterprises spanning key sectors including utilities, tourism and hospitality, aviation, transportation, logistics, industrial, real estate, media, healthcare, food and agriculture, and financial services.  

Murtaza Hussain, acting chief investment officer, M&A and Alternative Investments at ADQ, said: “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