Logistics ADQ takes majority stake in Dubai-listed Aramex By Pramod Kumar March 11, 2025, 12:17 PM Facebook/Aramex ADQ can still accept shares from Aramex shareholders who did not tender during the offer period until March 24 ADQ, the third-largest of Abu Dhabi’s sovereign wealth funds, has become a majority shareholder in Dubai-listed logistics company Aramex. The fund now owns 58 percent in Aramex following a voluntary tender offer, which includes 23 percent owned by its subsidiary, AD Ports Group, and 35 percent bought from previous shareholders, ADQ said in a statement on Tuesday. In January, Q Logistics Holding, an indirect subsidiary of ADQ Development Holding, offered to buy a 100 percent share in Aramex at AED3 ($0.82) per share. ADQ wholly owns ADQ Development Holding. “Aramex will be an integral component of our transport and logistics cluster, which already includes companies such as AD Ports Group, Abu Dhabi Airports, Etihad Airways, and Etihad Rail,” said Mansour AlMulla, deputy group CEO at ADQ. According to the Securities and Commodities Authority regulations, ADQ can still accept shares from Aramex shareholders who did not tender during the offer period until March 24. The final number of tendered shares will be announced on March 28. Turkey says talks with Abu Dhabi fail on port deal ADQ joins Orion in $1.2bn metals joint venture Vast Gulf wealth funds splinter to make targeted investments ADQ’s total assets stand at $225 billion as of June 30, 2024, with investments in core sectors such as energy, utilities, transport, logistics, food and agriculture, healthcare and life sciences sectors. Aramex’s share rose nearly 1 percent to AED2.78 in early trading on Tuesday. The share price is up 25 percent this year.
