AD Ports now holds a 22.32% stake in Aramex and a 10% stake in NMDC as it seeks industry collaboration
Abu Dhabi Ports Group has confirmed that it has acquired stakes in Dubai-based logistics major Aramex and UAE-based National Marine Dredging Company (NMDC).
AD Ports, part of ADQ, an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises, said it now holds a 22.32 percent stake in Aramex and a 10 percent stake in NMDC.
With more than 600 offices in over 65 countries worldwide, Aramex is a global provider of logistics and transportation solutions while NMDC is a marine industry leader, capable of operating and delivering major projects anywhere in the world.
Mohamed Juma Al Shamisi, managing director and group CEO, AD Ports Group, said: “These two leading companies provide a strong strategic fit with AD Ports Group’s vision to develop the maritime and logistics industries across the region and globally.
“Given the international scope of both Aramex’s and NMDC’s operations, we are confident that there will be significant opportunities for collaboration and growth when aligned with AD Ports Group’s diverse, integrated business model.”
Comments