Aramex acquires Saudi firm

14 January 2019
Aramex maintains 121 branches and over 3,000 employees in Saudi Arabia

Dubai-based logistics provider Aramex has acquired Saudi TAL for Commerce and Contract Company (Saudi Tal) in a deal estimated to be worth $80m.

In a statement, Aramex said the acquisition is in line with its strategy to have leaner and more efficient operations in all markets it operates in. “[The acquisition] will allow us to focus on upgrading last-mile delivery through innovative solutions,” the company said.

MEED understands Saudi Arabia is Aramex’s largest market where it maintains 121 branches and 3,100 employees.

Last year, Aramex partnered with Saudi Arabia’s Al-Dawaa Medical Services, parent company of Al-Dawaa Pharmacies, to offer its services across the kingdom.

The first phase of the partnership will enable the firm to launch service centres within 20 branches of Al-Dawaa Pharmacies. The second phase will entail the expansion of service centres to hundreds of other branches within the pharmacy’s network.

The collaboration is expected to enhance accessibility of the logistics firm’s services by “allowing customers to receive their shipments and parcels with ease”.

It will also allow customers to return e-commerce shipments by delivering them to service centres located across the pharmacy’s network.

 

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