Alabbar-Led Venture Acquires Aramex Founder’s Entire Stake

An investment vehicle said to be backed by Emaar Properties PJSC Chairman Mohamed Alabbar bought a stake in one of the Middle East’s biggest logistics companies, adding to a portfolio that includes holdings from retail to food. Boson Ventures Corp. bought 9.9 percent of Dubai-based Aramex PJSC as founder Fadi Ghandour offloaded his entire interest in Levant Logistics, which held the stake, according to a statement posted on the emirate’s bourse on Sunday. The statement didn’t give a per-share value for the transaction.

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