Ajex Logistics Services, one of Saudi Arabia’s fastest-growing supply chain and transportation companies, is now partly owned by DHL following the successful acquisition of a minority stake acquisition in the Ajlan & Bros Holding Group firm.
The deal was completed by DHL eCommerce, the e-commerce logistics specialist of DHL Group, and includes the option to increase the stake to a majority position in the future.
The move marks a significant milestone in DHL’s expansion into the rapidly growing Saudi Arabian parcel market and AJEX expansion across the Middle East, said the logistics giant.
AJEX anticipates double-digit growth in Saudi Arabia’s e-commerce sector and is a key pillar of the Kingdom’s Vision 2030, as well as across the broader Middle East region.
AJEX started its operations in 2021 and now owns 1,200 vehicles. It has rapidly emerged as a leading regional and domestic parcel provider with a network of over 60 facilities and a team of 2,000 professionals.
With AJEX, and the international reach and operational know-how of DHL eCommerce,
customers across the region will benefit from enhanced delivery services and experience, claim the newly combined companies.
The deal means DHL eCommerce joins business units DHL Express, DHL Supply Chain, and DHL Global Forwarding in Saudi Arabia.
“As part of our Strategy 2030 ‘Accelerate Sustainable Growth’, DHL Group is investing EUR 500 million in high-potential markets like Saudi Arabia,” said Pablo Ciano, CEO of DHL eCommerce. “The customer-centric approach and strong regional presence of AJEX, combined with DHL’s global expertise, will enable us to deliver reliable, affordable, and sustainable parcel solutions across the region.”
“By combining regional expertise with global reach, this partnership is set to elevate standards of efficiency and reliability across the region’s delivery sector and contribute to critical Saudi Vision 2030 goals,” added Ajlan Mohamed Alajlan, Group Managing Director of Ajlan & Bros Holding Group.
“United by shared values of customer-centricity, innovation, and teamwork, the AJEX-DHL partnership will play a crucial role in powering the e-commerce boom across Saudi Arabia and the wider Middle East, supporting core high-growth sectors, and helping to drive broader industry development.”
“The acquisition of a minority stake by DHL eCommerce in AJEX marks a major milestone in our growth. A testament to the market credibility we have earned thanks to the speed and precision of our services, we are now ready to enter the next phase of growth,” said Mohammed Albayati, Group CEO of AJEX.
“For our customers across Saudi Arabia and the Middle East region, this means access to faster, smarter, and more innovative delivery services, powering the region’s fast-growing e-commerce markets.”
As part of the partnership, DHL eCommerce will have representation on the management board at AJEX.
