Abu Dhabi’s sovereign wealth fund, ADQ, has become the majority shareholder in Aramex, securing cumulative ownership of 58% following a successful voluntary tender offer. This includes a 35.31% stake acquired through the tender offer, which concluded on March 10, 2025 and an existing 22.69% stake held by AD Ports Group, a company in which ADQ holds a majority interest.
The tender offer, executed through ADQ’s wholly-owned subsidiary Q Logistics Holding LLC, was priced at Dh3.00 per share, representing a 35% premium to the one-month and a 32% premium to the three-month volume-weighted average price as of January 9 2025. This values Aramex at approximately Dh4.39 billion.
As per Securities and Commodities Authority (SCA) regulations, ADQ has the discretion to accept shares from shareholders who did not tender during the offer period until 3:00 PM (UAE time) on March 24 2025, at the offer price of Dh3.00 per share. The final total number of tendered shares will be announced on March 28 2025.
Established in 2018, ADQ is a sovereign investor focused on critical infrastructure and supply chains. Its Transport & Logistics cluster includes significant assets such as Abu Dhabi Ports, Etihad Airways, Abu Dhabi Airports Company, Etihad Rail Company, Wizz Air Abu Dhabi, Q Mobility, and Abu Dhabi Aviation. Founded in 1982, it is a Dubai Financial Market-listed logistics giant providing services in over 65 countries.
The acquisition aligns with ADQ’s strategy to bolster logistics holdings and enhance the UAE’s global connectivity. Q Logistics Holding believes that Aramex has the potential to play a central role in achieving ADQ’s objectives for the wider local economy.
