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Abraaj invests in leading Algerian logistics company

Abraaj invests in leading Algerian logistics company
The Abraaj Group, a leading investor operating in global growth markets, has announced the acquisition of a stake in Skikda-based La Flèche Bleue Algérienne SPA (‘FBA’), which is a leading Algerian company specializing in transportation and logistics services, according to a statement issued by The Abraaj Group.

The report showed that such investment would enable the expansion of FBA’s footprint into other verticals of the logistics business, allowing the company to grow its market share amongst full-service third-party logistics (3PL) providers in Algeria.

It added that FBA’s growth strategy will focus on expanding its general capacity, developing more sophisticated logistics services, strengthening corporate governance standards, and implementing a fully integrated reporting system.

Noteworthy, Abraaj’s prior investments in the global logistics sector included Aramex in the Middle East, ARG in Mexico, Rentandes in Colombia, and Crossland Logistics in South East Asia.

“The country’s transportation and logistics industry remains largely under-penetrated and deregulated, allowing for strong potential to drive long-term growth. Abraaj will draw on our global experience to support FBA in its development, from a sizeable transportation business to a fully-fledged 3PL player able to handle physical flows throughout the supply chain of diverse verticals,” said Director at The Abraaj Group Alexandre Hamadouche.

Meanwhile, the Founder and CEO of La Flèche Bleue Algérienne Mahfoud Ameur Zaimeche noted that “We welcome this important partnership with Abraaj given their excellent track record of supporting regional businesses and investing in the logistics sector across growth markets, globally. We look forward to having the Abraaj team join our board, and working closely with them on executing our ambitious development plan as we diversify into other sectors.”