Jaona Investment Buys Stake in Dubai’s Aramex for $119 Million

  • Stake bought at 14% premium to stock’s Wednesday close
  • Aramex founder said to have sold his stake to Gulf investors

Jaona Investment LLC bought a stake in Dubai-based logistics company Aramex PJSC for 437.6 million dirhams ($119 million), days after a report its founder sold all his shares in the company to Gulf investors.

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