Gulf News - - Business - Staff Re­port

ramex, the Dubai-listed lo­gis­tics com­pany, an­nounced yes­ter­day the ac­qui­si­tion of Saudi TAL for Com­merce and Con­tract Com­pany for around $80 mil­lion (Dh293 mil­lion).

Bashar Obaid, chief ex­ec­u­tive

“The ac­qui­si­tion is also in line with our strat­egy to have leaner and more ef­fi­cient op­er­a­tions in all mar­kets we op­er­ate in, and will al­low us to fo­cus on up­grad­ing last-mile de­liv­ery through in­no­va­tion so­lu­tions, which will ul­ti­mately re­sult in an en­hanced cus­tomer ex­pe­ri­ence,”

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.