Aramex acquires Saudi TAL for $80m

Dubai: Aramex, the Dubai-listed logistics company, announced on Sunday the acquisition of Saudi TAL for Commerce and Contract Company for around $80 million (Dh293 million). Bashar Obaid, chief executive officer of Aramex, said Saudi Arabia holds “significant growth potential” for the company, being the largest market in the Middle East. “The acquisition is also in […]