Abu Dhabi’s sovereign wealth fund, ADQ, through its subsidiary Q Logistics Holding LLC, has made a voluntary conditional cash offer to acquire the remaining shares of Aramex PJSC that it does not already own. The offer price is Dh3 per share, representing a 33% premium over Aramex’s last traded share price of Dh2.25 on January 9, 2025.
Currently, Abu Dhabi Ports Company, which is 75.42% owned by ADQ, holds a 22.69% stake in Aramex. Q Logistics Holding does not directly own any shares in the company. The proposed acquisition values Aramex at approximately Dh4.39 billion ($1.2 billion).
Aramex has acknowledged the offer in a filing with the Dubai Financial Market (DFM). The company’s Board of Directors is set to review the proposal in accordance with the Securities and Commodities Authority’s regulations on mergers and acquisitions. Aramex has committed to providing further updates on any material developments.
Despite facing revenue challenges in recent times, Aramex reported $1.26 billion in revenue for the first nine months of 2024. The company has a global presence with over 16,000 employees and more than 600 offices worldwide.
ADQ’s interest in Aramex aligns with its strategy to enhance its transport and logistics portfolio, which includes assets such as Abu Dhabi Ports Company, Etihad Airways, Abu Dhabi Airports Company, Etihad Rail Company, Wizz Air Abu Dhabi, Q Mobility, and Abu Dhabi Aviation. Q Holding believes that Aramex complements these existing assets and has the potential to play a central role in achieving ADQ’s broader economic objectives.
The offer is subject to regulatory approvals and the acceptance of Aramex shareholders. If successful, this acquisition would result in Aramex becoming a fully owned subsidiary of ADQ, further consolidating Abu Dhabi’s position in the regional and global logistics sector.
