Largest shareholder of firm was previously France’s GeoPost SA
Abu Dhabi Sovereign Wealth Fund ADQ will become the majority owner of Dubai-based courier firm Aramex after reaching cumulative ownership of 58% of its shares. The Fund already held 22.69% of the shares through subsidiary AD Ports Group.
ADQ said Dubai-listed Aramex will sit within its transport and logistics cluster and play a central role in building global business platforms focused on infrastructure and supply chains.
The cluster already includes major capital-based entities including Abu Dhabi Airports, Etihad Airways and Etihad Rail, as well as AD Ports Group.
Dubai Financial Market (DFM) records showed the largest shareholder as of Monday as GeoPost SA, owned by La Poste, the international delivery network operated by France’s state-owned postal service at 28%.
LSEG data shows minority shareholders include the Vanguard Group, Blackrock, HSBC Global Asset Management (UK), as well as Dubai’s Al Mal Capital and Abu Dhabi’s ADCB Asset Management.
