ADQ’s Q Logistics Holding Plan to Acquire Aramex

Q Logistics Holding, a subsidiary of the Abu Dhabi’s sovereign wealth fund ADQ, has announced its intention to acquire Aramex and set the takeover bid price at $0.82 per share, representing a 33% premium over Aramex‘s closing price on January 9.

 Confirming that it has received all cash takeover offer from Q Logistics Holding on January 10, Aramex said that the matter will be presented to the Company’s Board of Directors and the required procedures will be followed in accordance with the decision of the Chairman of the board of directors of the Securities and Commodities Authority regarding the Rules of Acquisition and Merger of Public Joint Stock Companies (PJSCs).

“The Company will make further announcements with respect to any material developments in the matter in due course,” Aramex said in a regulatory filing with Dubai Financial Market (DFM) on Monday.

AD Ports Major Shareholder

ADQ-owned AD Ports Group already holds a 22.7% stake in Aramex. The logistics firm’s net profit jumped by 177% y-o-y to $7.35 million in Q3 of 2024 compared with $2.61 million for the corresponding period in 2023, while its revenues rose by 18% to reach $430 million.

Aramex, which was founded in 1982, is the first Arab-based company to list on Nasdaq.

ADQ’s Transport & Logistics cluster is one of its four priority clusters and includes significant assets such as Abu Dhabi Ports Company, Etihad Airways, Abu Dhabi Airports Company, Etihad Rail, Wizz Air Abu Dhabi, Q Mobility, and Abu Dhabi Aviation.