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ADQ acquires 22% of Aramex's issued share capital

ADQ acquires 22% of Aramex's issued share capital
The shares were acquired through a series of on-market transactions
Aramex
ARMX
-0.74% 4.00 -0.03

Dubai –  Mubasher: ADQ, a company investing in major enterprises across key sectors of Abu Dhabi's economy, has acquired around 22% of the issued share capital of Aramex.

The shares were acquired through a series of on-market transactions and through an off-market special deal, according to a press release on Thursday.

Commenting on the acquisition, the Acting Chief Investment Officer at M&A and Alternative Investments at ADQ, Murtaza Hussain, said: "Despite the challenging market conditions, we are confident that Aramex has the right approach to continue building on its leadership position in the industry and enhances Abu Dhabi’s efforts to be a key player in international trade and logistics."