Aramex CEO Resignation Follows Major Stake Acquisition by ADQ
Company - People | Apr 24, 2025 | Zawya
Othman Al-Jeda, CEO of the Dubai-listed logistics firm Aramex, has resigned less than a month after Abu Dhabi's sovereign investor, ADQ, secured a majority stake in the company through a conditional cash offer facilitated by its subsidiary, Q Logistics Holding. Aramex announced that Al-Jeda, a veteran of 31 years at the company, stepped down due to personal reasons. He will be succeeded by Nicolas Sibuet, who is currently the Chief Financial Officer and will serve as Acting Group CEO starting April 24. Sibuet has been with Aramex since January 2022 and possesses vast experience accumulated over three decades in various sectors including logistics, shipping, oil & gas, and aviation. The acquisition by ADQ marked a significant transaction, with a voluntary cash offer leading to acceptances from 40.57% of Aramex's shares.
Sectors
- Logistics and Courier Services
- Investment and Private Equity
Geography
- United Arab Emirates – Aramex is a Dubai-listed company, and ADQ is based in Abu Dhabi, both located in the UAE.
Industry
- Logistics and Courier Services – Aramex operates within the logistics sector, providing transportation and courier services.
- Investment and Private Equity – ADQ is an investment company acquiring a majority stake in Aramex, highlighting activities related to private equity investments.
Financials
- 63.26% – The stake acquired by ADQ in Aramex via a conditional cash offer.
- 40.57% – Percentage of Aramex shares acquired as part of the voluntary cash offer.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aramex | Target Company | Company | A Dubai-listed logistics and courier firm. |
| Othman Al-Jeda | Departing CEO | Person | Former CEO of Aramex, resigned after 31 years with the company. |
| Nicolas Sibuet | Acting Group CEO | Person | Current CFO of Aramex, appointed as Acting Group CEO. |
| ADQ | Bidding Company/Buyer | Company | An Abu Dhabi-based sovereign investor that acquired a majority stake in Aramex. |
| Q Logistics Holding | Subsidiary of ADQ | Company | Subsidiary of ADQ through which the conditional cash offer was made to acquire Aramex. |