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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
In an unprecedented move, the sovereign wealth fund wants to acquire one of the oldest publicly listed logistics companies in the Middle East. The question is whether the proposed deal can help turn around Aramex.
قصص آنية ومفصلة ومكتوبة بعناية من المنطقة
Timely, detailed and well-written stories from the region
It’s a deal that can possibly shake up the logistics sector in the Middle East. For the past month, Abu Dhabi sovereign wealth fund ADQ has been engaged in discussions for a potential billion-dollar acquisition—of Aramex, one of the oldest and most prominent logistics companies in the United Arab Emirates. The proposed deal values Aramex at around $1.2 billion (4.4 billion AED)—more than 30% of what the company was trading at before the offer. ADQ has proposed to buy all the shares of Aramex, except those already held by Abu Dhabi Ports Group (an associate company of ADQ itself).
ADQ …
آراء حول أحدث التطورات في الأعمال والاقتصاد من محرر الشرق الأوسط
Views on the latest happenings in business and economy from our ME Editor
