ADQ, the UAE sovereign wealth fund, seeks to strengthen its presence in transportation and logistics by taking control of Aramex, where it currently holds a 22.69% stake via its subsidiary Abu Dhabi Ports. To achieve this, the fund, through its Q Logistics Holding arm, has offered shareholders AED 3 per share, representing a 30% premium over the closing price of AED 2.31 recorded on 10 January 2025. This offer values Aramex at around AED 4.39 billion ($1.195 billion). The proposal includes the purchase of all outstanding shares not already owned by Abu Dhabi Ports.
This bid represents a significant premium for shareholders and has sparked substantial market interest, with Aramex’s shares rising by up to 15%, reaching AED 2.65 on the morning of 13 January. If successful, the acquisition would give ADQ control of one of the Middle East's most prominent logistics brands. Founded in 1982, Aramex was the first Arab company to be listed on the Nasdaq, becoming a symbol of entrepreneurial success and innovation in the region. Over the years, it has established itself as a regional counterpart to global giants such as FedEx and DHL, playing a central role in freight transport and express delivery services.
ADQ's strategy extends beyond this acquisition. The fund already owns a range of strategic assets, including ports, airports, and Abu Dhabi's flagship airline. Acquiring Aramex is a key move to consolidate its influence in the logistics sector, which is seen as critical to the region's economic future. More broadly, this takeover is the latest example of Gulf sovereign wealth funds' aggressive acquisition strategies to diversify their economies and reduce reliance on oil revenues. The interest in logistics aligns with Gulf nations' ambitions to position themselves as global hubs for trade and transport.
The deal involves prominent financial advisors and banking institutions. Rothschild is acting as the financial advisor for Q Logistics, with Emirates NBD Capital serving as the lead manager and Emirates NBD as the receiving agent for the offer. This highlights the significance and complexity of the agreement, which engages high-level players both regionally and internationally.
