DHL acquires minority stake in KSA’s AJEX Logistics: CEO

DHL e-commerce acquired a minority stake in AJEX Logistics Services. The deal aligns with DHL’s strategy to strengthen its presence in emerging markets. Pablo Ciano, CEO, DHL e-commerce, said, “As a key component of our corporate Strategy 2030 ‘Accelerate Sustainable Growth’ we are focusing on markets such as the Kingdom of Saudi Arabia (KSA) that exhibit growth and economic development. We are confident AJEX will be supported by a motivated team and backed by Ajlan & Bros Holding to help us expand our e-commerce-focused parcel business into this booming market.”