Tim Martin and Françoise Russo join Aramex leadership team
Logistics specialist Aramex has announced two new appointments to its leadership team: Tim Martin as ...
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ARABIAN BUSINESS reports:
ADQ, the Abu Dhabi-based holding company, announced on Thursday that it has acquired a 22 percent stake in Aramex, the global provider of logistics and transportation solutions.
The shares were acquired through a series of on-market transactions and through an off-market special deal, the company said in a statement, with disclosing the value of the deal.
ADQ was established in 2018 and holds a broad portfolio of major enterprises spanning key sectors including utilities, tourism and hospitality, aviation, transportation, logistics, industrial, real estate, media, healthcare, food and agriculture, and financial services.
Murtaza Hussain, acting chief investment officer, M&A and Alternative Investments at ADQ, 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…
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