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DHL buys stake in Saudi logistics company Ajex

By Neil Halligan
DHL and Ajex signed an agreement for the sale of a stake for an undisclosed sum Supplied/DHL/Ajex
Ajlan bin Mohammed Al Ajlan of Ajex parent company Ajlan & Bros Holding and Pablo Ciano of DHL signed an agreement for the sale of a stake for an undisclosed sum

The US logistics company DHL has bought a minority stake in the Saudi parcel logistics company Ajex to tap into growth in the largest Arab economy. 

DHL eCommerce bought the stake in Riyadh-based Ajex Logistics Services, the DHL unit said, without disclosing the sum. 

“We are focusing on markets like Saudi Arabia that exhibit significant growth dynamics and strong economic development,” Pablo Ciano, DHL eCommerce CEO, was quoted as saying in the statement.

DHL eCommerce specialises in shipping options for less urgent packages. 

Ajex began operations in 2021, has 1,500 employees, and a network of more than 50 facilities and a fleet of 900 vehicles. In the Gulf, it operates in Saudi Arabia, the UAE and Bahrain, and outside, in the US, the UK and China.

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