Dubai-listed logistics company, Aramex announced on Sunday, January 13th, its acquisition of Saudi TAL for Commerce and Contract Company for around $80 million.
According to a statement made by the Chief Executive Officer of Aramex, Bashar Obaid, Saudi Arabia holds “significant growth potential” for the company, as it’s currently the largest market in the Middle East.
He adds that the acquisition is in line with Aramex’s strategy to have leaner and more efficient operations in the market they operated in. “[This] will allow us to focus on upgrading last-mile delivery through innovative solutions, which will ultimately result in enhanced customer experience,” he said.
Obaid also mentions that the acquisition of Saudi TAL falls in line with the Kingdom’s Vision 2030, which aims to encourage
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