DHL eCommerce has reached an agreement to acquire a minority stake in AJEX Logistics Services, a leading parcel logistics provider in Saudi Arabia. This collaboration allows DHL to expand its presence in the growing Saudi e-commerce market. AJEX, established in 2021, boasts a robust distribution network and employs 1,500 people. Both companies aim to leverage their strengths to offer reliable and sustainable delivery solutions, aligning with Saudi Arabia’s Vision 2030, which emphasizes economic growth and diversification.

Source: https://www.stattimes.com/ecommerce/dhl-ecommerce-enters-saudi-arabia-by-acquiring-equity-stake-in-ajex-1354562