Latest news with #MansourAlMulla
Zawya
15-05-2025
- Business
- Zawya
Wio Bank PJSC announces new Chairman and Board appointments
Abu Dhabi, UAE – Wio Bank PJSC, the UAE's leading digital bank, is pleased to announce the appointment of H.E. Mansour AlMulla as Chairman of the Board, alongside the addition of four new board members. These appointments will help to further accelerate Wio Bank's growth trajectory, whilst ensuring the bank continues to drive long-term value for its stakeholders, and contribute meaningfully to the UAE's digital economy. H.E. AlMulla is the Deputy Group CEO of ADQ, a sovereign investor with a focus on critical infrastructure and global supply chains. He brings over 23 years of experience across several sectors, including financial services. Joining H.E. AlMulla on the Board are Eng. Hamad Al Ameri, Dr. Jaap Kalkman, Jawad Shafique, and Samy Ben-Jaafar leaders who bring extensive expertise across finance, banking, technology and investments. H.E. Mansour AlMulla, Chairman of Wio Bank, said: 'At Wio, our mission is to redefine how individuals and businesses engage with financial services through innovation and a digital-first mindset. Joining the Board at this important stage is a meaningful step toward advancing the bank's aspirations for growth, impact, and industry leadership. Wio is well positioned to support the UAE's vision of becoming a global hub for financial innovation. I would like to take this opportunity to thank the outgoing Board members for their contributions and I look forward to building on their achievements.' Commenting on the new appointments Jayesh Patel, Chief Executive Officer of Wio Bank PJSC said: ' We are delighted to welcome the new Board to help us guide and drive the next chapter of growth for Wio. I would also like to thank the outgoing Board and Chairman H.E. Salem Al Nuaimi for setting a strong foundation and leading Wio from a startup to growth stage bank.' They join continuing board members Fadel Abdulbaqi Al Ali, Khalifa Al Forah AlShamsi, Masood M. Sherif Mahmood, and Futoon Al Mazrouei. Since its launch in 2022, Wio Bank has operated with a single purpose: to simplify and improve how individuals and businesses engage with their finances. Backed by strategic shareholders including ADQ, Alpha Dhabi, e&, and First Abu Dhabi Bank (FAB), Wio continues to evolve as a platform built for the real economy. About Wio Bank PJSC: Wio Bank PJSC, the Middle East's first digital financial platform, is reimagining banking for individuals and businesses. Headquartered in Abu Dhabi and backed by strategic investors including ADQ, Alpha Dhabi, e&, and First Abu Dhabi Bank (FAB), Wio combines cutting-edge technology with a human-centric approach to deliver seamless, personalised financial solutions. For personal banking, Wio offers smart tools and insights to help users take control of their finances, enabling them to save, spend, and grow with ease. For businesses, Wio goes beyond traditional banking by providing entrepreneurs and SMEs with a comprehensive digital platform designed to streamline operations, unlock growth opportunities, and simplify financial management. Wio is redefining the banking landscape as a market leader in Banking-as-a-Service (BaaS) and embedded finance, delivering innovative solutions that empower people, businesses, and communities with the infrastructure they need to access long-term wealth creation. By offering an end-to-end, frictionless digital platform for both retail and business customers, Wio is disrupting traditional banking models, creating operational efficiencies, and unlocking value-added services through a transparent, personalized customer experience. Wio Bank's commitment to innovation has been widely recognized, being named '#1 Fintech in MENA' by Forbes Middle East and 'Digital Bank of the Year' at both the E-Business Awards 2024 and Tech Innovation Awards 2024. The bank has also received 'Best Retail Banking Digital App Experience' award, 'SME Bank of the Year' award, and 'Intelligent Banking and Finance Implementation' award. Additionally, Wio's leadership excellence was acknowledged with inclusion in the Top 34 GCC Banking CEO Power List 2024 by Finance Middle East. For more information, visit
Al Etihad
31-03-2025
- Business
- Al Etihad
ADQ acquires 63.26% shares in Aramex in takeover bid
31 Mar 2025 09:47 REDDY (ABU DHABI)ADQ, an active sovereign investor focused on critical infrastructure and global supply chains, has acquired a 63.26% stake in a stock market disclosure, Mansour AlMulla, Deputy Group Chief Executive Officer of ADQ, stated that Q Logistics Holding, a subsidiary of ADQ, had received acceptances from shareholders representing 40.57% of shares. Combined with the 22.69% ownership held by AD Ports Group, another ADQ subsidiary, this brings ADQ's total stake to 63.26%. The Abu Dhabi-based sovereign investor has expressed its intention to secure full ownership of the statement confirmed that ADQ's ownership has now surpassed the minimum acceptance threshold required under the Mergers and Acquisitions Rules issued by the Securities and Commodities Authority. With this latest milestone, ADQ has cleared the legal path for the mandatory acquisition of the remaining shares. However, the stock market disclosure noted that Q Logistics Holding would continue to accept shares from shareholders even after the offer period expired on March shares are being acquired at Dh3 per share, a premium compared to the closing price of Dh2.82 at the Dubai Financial Market (DFM) on a recent press release, AlMulla stated that Aramex would become an integral part of ADQ's Transport & Logistics cluster, which already includes major entities such as AD Ports Group, Abu Dhabi Airports, Etihad Airways, and Etihad Rail. 'As the majority shareholder in Aramex, we plan to leverage our extensive track record of growing local companies into globally competitive market leaders for the benefit of Aramex and all its stakeholders,' he added. ADQ anticipates that the proposed transformation of Aramex will be complex and capital-intensive, requiring time to materialise, which may limit short- to medium-term returns for shareholders, according to its previous stock market disclosure.
Al Etihad
13-03-2025
- Business
- Al Etihad
ADQ acquires additional 35.31% of Aramex shares in voluntary tender offer
11 Mar 2025 15:39 REDDY (ABU DHABI)ADQ, an active sovereign investor focused on critical infrastructure and global supply chains, has acquired an additional 35.31% stake in Aramex through a voluntary tender offer. The offer, made by ADQ's wholly owned indirect subsidiary, Q Logistics Holding, closed on March 10. With this latest acquisition, ADQ's cumulative ownership in Aramex has now reached 58%, including the 22.69% stake already held by AD Ports Group, in which ADQ maintains a majority stake. The Abu Dhabi-based sovereign investor has expressed its intention to secure full ownership of the a stock market filing, Mansour AlMulla, Deputy Group Chief Executive Officer at ADQ, stated: 'The aggregate acceptances, together with the shareholding of AD Ports Group, amount to 58% of the shares in Aramex, exceeding the minimum acceptance conditions for the offer specified in Article 9(2) of the SCA's Board of Directors Decision No. (18 / R.M) of 2017 concerning the Mergers and Acquisition Rules for Public Joint Stock Companies (Acquisition Regulations).'In a separate press release, AlMulla said that Aramex will become an integral component of ADQ's Transport & Logistics cluster, which already includes leading entities such as AD Ports Group, Abu Dhabi Airports, Etihad Airways, and Etihad Rail. 'As the majority shareholder in Aramex, we plan to leverage our extensive track record of growing local companies into globally competitive market leaders for the benefit of Aramex and all its stakeholders,' he anticipates that the proposed transformation of Aramex will be complex and capital-intensive, requiring time to materialise, which may limit short- to medium-term returns for shareholders, according to its stock market per SCA regulations, ADQ has the discretion to accept shares from shareholders who did not tender during the offer period until 3pm on March 24, 2025, at the offer price of Dh3.00 per share. The final total number of tendered shares will be announced on March 28, 2025.
The National
11-03-2025
- Business
- The National
Abu Dhabi's ADQ to become majority shareholder in Aramex
Abu Dhabi's ADQ will become the majority shareholder in Aramex following a successful voluntary tender offer, submitted by Q Logistics Holding, an ADQ subsidiary. ADQ will hold a 58 per cent majority stake in the Middle East's largest courier company, subject to the successful completion of the deal. This includes shares owned by Abu Dhabi Ports, which is also majority-owned by the Abu Dhabi-based investment and holding company, ADQ said on Tuesday. AD Ports Group currently owns a 22.69 per cent stake in Aramex. 'As the majority shareholder in Aramex, we have plans to leverage our extensive track record of growing local companies into globally competitive market leaders for the benefit of Aramex and all its stakeholders,' said Mansour AlMulla, deputy group chief executive at ADQ. In January, ADQ offered to fully acquire Aramex in a deal valuing the company at about Dh4.39 billion ($1.2 billion). At the time of the announcement, ADQ's offer price of Dh3 per share represented a 33 per cent premium over Aramex's stock price of Dh2.31 on the Dubai Financial Market. Aramex's shares were trading 0.73 per cent higher at Dh2.78 at 10.26am UAE time on Tuesday. ADQ said that under Securities and Commodities Authority (SCA) regulations, it can still accept shares from shareholders who did not participate in the initial offer period. Shareholders must sell shares to ADQ at Dh3 per share by March 24, and that the final share acquisition numbers will be disclosed on March 28, ADQ said. The offer to gain control of Aramex is the latest in a string of deals for ADQ, which is pushing to expand its local and international portfolio of assets. With total assets worth $225 billion as of June 30, ADQ has shareholdings in more than 25 companies across sectors including energy, utilities, food and agriculture, health care, pharmaceuticals, mobility and logistics. Companies in its portfolio include Abu Dhabi National Energy Company, better known as Taqa, Emirates Nuclear Energy Corporation and Abu Dhabi National Exhibitions Company. ADQ also has a significant asset base in transport and logistics, including Abu Dhabi Ports, Etihad Airways, Abu Dhabi Airports, Etihad Rail, Wizz Air Abu Dhabi and Abu Dhabi Aviation. Last month, ADQ and Vietnam's State Capital Investment Corporation, a sovereign wealth fund, signed an initial agreement to explore investment opportunities in the South-East Asian country. The organisations will partner to assess potential co-investment opportunities that support Vietnam's economic ambitions and align with its strategic development objectives, state news agency Wam reported at the time.
Zawya
11-03-2025
- Business
- Zawya
ADQ to become majority shareholder in Aramex after successful voluntary tender offer
RELATED TOPICS EQUITIES RELATED COMPANIES Etihad Rail Abu Dhabi Arprt Q Logistics Abu Dhabi Dev. ADPC Aramex Emirate Etihad Airways ADQ's shareholding includes acceptances for 35.31% of shares in the successful tender offer, which closed on 10 March 2025, and 22.69% of shares owned by AD Ports Group Aramex will sit within ADQ's Transport & Logistics cluster and play a central role in achieving ADQ's mandate to build global business platforms with a focus on infrastructure and supply chains Abu Dhabi, UAE: ADQ, an active sovereign investor with a focus on critical infrastructure and global supply chains, has announced a successful voluntary tender offer for Aramex PJSC submitted by its wholly-owned indirect subsidiary Q Logistics Holding LLC. ADQ will become the majority shareholder in Aramex, subject to successful completion of the transaction, with cumulative ownership of 58% of shares achieved, including those already owned by AD Ports Group, in which ADQ holds a majority stake. Mansour AlMulla, Deputy Group Chief Executive Officer at ADQ, commented: 'We are delighted to welcome Aramex to ADQ's portfolio, following the successful voluntary tender offer and subject to successful completion of the transaction. Aramex will be an integral component of our Transport & Logistics cluster which already includes leading companies such as AD Ports Group, Abu Dhabi Airports, Etihad Airways, and Etihad Rail. As the majority shareholder in Aramex, we have plans to leverage our extensive track record of growing local companies into globally competitive market leaders for the benefit of Aramex and all its stakeholders.' As per SCA regulations, ADQ has discretion to accept shares from shareholders who did not tender during the offer period until 3:00pm (UAE time) on 24 March 2025 at the offer price of AED 3.00 per share. The final total number of tendered shares will be announced on 28 March 2025. About ADQ Established in 2018, ADQ is an active sovereign investor with a focus on critical infrastructure and global supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ's total assets amounted to USD 225 billion as of 30 June 2024. Its rapidly expanding portfolio encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences. For more information, visit or write to media@ You can also follow ADQ on Instagram, LinkedIn and X.
