Aramex PJSC (DFM:ARMX) acquired Saudi TAL for Commerce and Contract Company Ltd from Makshaff Services Company Limited for $80 million on January 13, 2019. Aramex PJSC will finance 40% of purchase price through bank loans to be paid in five years period while the remaining 60% paid by Aramex PJSC's internal cash. The acquisition is expected to add about $6 million to Aramex PJSC’s net profit before loan costs. Yusuf Giansiracusa of Jones Day acted as legal advisor to Makshaff Services Company. Aramex PJSC (DFM:ARMX) completed the acquisition of Saudi TAL for Commerce and Contract Company Ltd from Makshaff Services Company Limited on January 13, 2019.