DHL eCommerce Officially Acquires Minority Stake In AJEX

Dubai (PlantAndEquipment.com) -  DHL eCommerce, part of DHL Group, has completed the acquisition of a minority stake in AJEX Logistics Services, a supply chain and transportation company majority owned by Ajlan & Bros Holding Group. AJEX was originally launched in partnership with China’s SF Express, and the new investment brings DHL on board as a strategic shareholder with representation on the company’s management board.

The partnership is intended to strengthen DHL’s presence in Saudi Arabia’s rapidly growing parcel delivery market and support AJEX’s wider expansion across the Middle East. With DHL’s international expertise and AJEX’s established regional network, the collaboration is expected to enhance delivery services and support anticipated double-digit growth in Saudi Arabia’s e-commerce sector, a central element of Vision 2030.

AJEX, established in 2021, operates more than 60 facilities, 1,200 vehicles and employs 2,000 staff across the GCC. The agreement also gives DHL the option to increase its stake to a majority position in the future. With this move, all four DHL business units, including DHL eCommerce, DHL Express, DHL Supply Chain and DHL Global Forwarding, now have an active presence in the Kingdom.