Abu Dhabi sovereign fund ADQ has raised its stake in logistics firm Aramex to 63%, consolidating control in a strategic move to bolster its UAE-anchored logistics platform.
ADQ’s indirect subsidiary Q Logistics acquired an additional 35.3% of Aramex shares via a March tender offer, adding to the 22.7% held by AD Ports Group, another ADQ-controlled entity. The offer, priced at Dh3 per share, valued Aramex at approximately Dh4.39 billion ($1.2 billion).
The deal has cleared all antitrust and foreign investment requirements, making the tender offer unconditional. Settlement is expected on July 25, 2025, with Q Logistics set to become the registered shareholder.
Aramex operates in over 65 countries and manages 800,000 sqm of global warehousing space. ADQ intends to integrate it into its Transport & Logistics cluster, which already includes AD Ports, Abu Dhabi Airports, Etihad Airways and Etihad Rail, to build a fully integrated, multimodal logistics platform.
ADQ’s Deputy CEO, Mansour Al Mulla, highlighted the acquisition as central to advancing seamless trade infrastructure, enhancing express delivery, freight forwarding and warehousing capabilities.
Market response has been cautious. Aramex shares rose slightly to Dh2.78 following the announcement, though analysts have flagged concerns over earnings stability and linkage to regional trade trends.
