Sovereign investor ADQ has announced that its voluntary tender offer for Aramex PJSC, submitted through its wholly-owned indirect subsidiary Q Logistics Holding LLC, has been successful.
The transaction, once completed, will position ADQ as the majority shareholder in Aramex with a cumulative ownership of 58 per cent of shares.
Aramex joins ADQ portfolio
This figure includes shares already owned by AD Ports Group, in which ADQ holds a majority stake.
Mansour AlMulla, Deputy Group Chief Executive Officer at ADQ said: “We are delighted to welcome Aramex to ADQ’s portfolio, following the successful voluntary tender offer and subject to the successful completion of the transaction. Aramex will be an integral component of our Transport & Logistics cluster which already includes leading companies such as AD Ports Group, Abu Dhabi Airports, Etihad Airways, and Etihad Rail.
“As the majority shareholder in Aramex, we have plans to leverage our extensive track record of growing local companies into globally competitive market leaders for the benefit of Aramex and all its stakeholders.”
In accordance with Securities and Commodities Authority (SCA) regulations, ADQ may accept shares from shareholders who did not participate in the tender during the offer period until 3:00 PM (UAE time) on March 24, 2025. These late submissions will be accepted at the offer price of AED3.00 per share.
The final tally of tendered shares is scheduled to be announced on March 28, 2025.
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