Final results of the voluntary conditional cash offer from Q Logistics Holding LLC (the Offeror) to acquire up to 100% of the issued and paid-up ordinary share capital of Aramex PJSC
On 22 July 2025, the Offeror has announced that it has received all required antitrust and foreign direct investment regulatory and statutory approvals, exemptions and/or waivers from relevant governmental authorities within and outside of the UAE. In addition, all other Offer Document conditions have been satisfied and/or waived in accordance with the requirements set out in the Offer Document. Accordingly, the Offer has become unconditional as and from the date of this announcement (the “Unconditional Date”), 22 July 2025.
It is expected that payment of consideration to Aramex Shareholders and the registration of the Aramex Shares in the name of the Offeror will take place on 25 July 2025.
Further announcements with respect to any material developments in the matter will be disclosed in due course.
Background and Documentation
On 13 January 2025, Q Logistics Holding LLC ("Q Logistics"), announced its intention to acquire up to 100% of the issued and paid-up ordinary shares of Aramex PJSC ("Aramex") not already held by Abu Dhabi Ports Company PJSC (the "Offer").
On 9 February 2025 Aramex has received the SCA-approved Offer document from Q Logistics and has confirmed such receipt through the DFM disclosure on 10 February 2025.
The Aramex Board of Directors has convened on 11 February 2025 and discussed the Offer and the fairness opinion of HSBC, Aramex's independent financial advisor in relation to the voluntary conditional cash offer made by Q Logistics, which opinion considers the Offer to be fair from a financial perspective for Aramex's shareholders, and has approved to recommend the Offer to Aramex's shareholders.
On 13 February 2025, the shareholders' circular with the recommendation of the Board of Directors, including the fairness opinion of HSBC, was published in accordance with the decision of the Chairman of the Board of Directors of the Securities and Commodities Authority No. (18 /R.M) of 2017 regarding the Rules of Acquisition and Merger of Public Joint Stock Companies.
Under the terms of the Offer, shareholders of Aramex who accepted the Offer are entitled to receive AED 3.00 in cash for each of their shares in Aramex. The Offer was made on 10 February 2025 and was capable of acceptance from 10 February 2025 until 3.00PM on 24 March 2025.
Aramex announces that it has received on 28 March 2025 an update from ADQ on behalf of Q Logistics regarding the final results of the Offer (the “Results”): “Q Logistics Holding LLC has obtained acceptances representing 40.57% of the Company's shares. In addition to this, Abu Dhabi Ports Company PJSC (AD Ports Group) owns 22.69% of the Aramex’s shares. The aggregate acceptances, together with the shareholding of AD Ports Group, amounts to 63.26% of the shares in Aramex PJSC, which exceeds the minimum acceptance conditions for the Offer specified in the Mergers and Acquisition Rules issued by the Securities and Commodities Authority. Completion of the Offer remains subject to fulfilment of certain conditions specified in the Offer Document.”
This section of the website contains all the relevant documents relating to the Offer and details of the actions required by Aramex shareholders.
You may obtain more information at ipo.emiratesnbd.com/en/aramex or by telephone on 800 ARMX (800 27269). You may also contact EFG Hermes at EFG-HermesCallCenter@EFG-HERMES.com and their helpline number is +971 600 500 004 or International Securities LLC at cs@intlsecurities.ae and their helpline number is +971 2 494 2777.