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Abu Dhabi Ports acquires 22% stake in Aramex

Abu Dhabi Ports acquires 22% stake in Aramex
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Aramex
ARMX
2.11% 3.87 0.08

UAE - Mubasher: Abu Dhabi Ports Company has acquired a 22.32% stake in Aramex from Alpha Oryx Limited.

The transaction does not have any impact on the financial position of Abu Dhabi Ports and Alpha Oryx, according to a recent bourse disclosure.

It is worth noting that in September 2020, ADQ’s subsidiary, Alpha Oryx, acquired around 22% of Aramex’s issued share capital.