Dubai, UAE – Monday, 15^th May 2023: Aramex (DFM: ARMX) a leading global provider of comprehensive logistics and transportation solutions, today announced that it had signed a Joint Venture (“JV”) Agreement with AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics, and industry; to develop and operate a new Non-Vessel Operating Common Carrier (“NVOCC”) enterprise.

The new JV, in which Aramex has a stake of 49%, will provide tailored solutions to all Freight-Forwarding industry players, servicing their ocean-bound container cargo, to further enhancing and developing shipping connectivity across the GCC, Indian, and East and West African markets with a target of 10,000 containers in the short-term, and plans to increase the number of containers in the medium- to long-term.