Saudi Arabia is Aramex’s largest market in the Middle East
Aramex has announced the acquisition of the Saudi Arabia-based company, Saudi TAL for Commerce and Contract Company (Saudi TAL), for approximately US$ 80 million.
Saudi Arabia is Aramex’s largest market in the Middle East and holds significant growth potential for the business. Aramex’s acquisition of Saudi TAL supports Saudi Arabia’s Vision 2030, which aims to encourage private sector investment to diversify the economy.
“This acquisition is also in line with our strategy to have leaner and more efficient operations in all markets we operate in, and will allow us to focus on upgrading last-mile delivery through innovative solutions, which will ultimately result in an enhanced customer experience,” commented Bashar Obeid, CEO, Aramex, in a press statement.
