UAE-based express, mail delivery and logistics services company Aramex has purchased Saudi TAL for Commerce and Contract Company Ltd.

Under the terms of the pact, the company paid $80 million for Saudi TAL.

With the acquisition, Aramex will enhance its growth ambitions in Saudi Arabia.

Aramex also noted that the move is in line with its strategy to have leaner and more efficient operations in all markets it operates in and to focus on upgrading last-mile delivery via innovative solutions.