Aramex PJSC (ARMX)

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News

19 October 2022 05:47 PM UAE’s Aramex acquires e-commerce firm MyUS for $265m

Dubai - Mubasher: Aramex has completed the acquisition of US-based technology-driven and cross-border e-commerce enabling platform Access USA Shipping (MyUS) for nearly $265 million. The bargain marks the UAE-based firm’s largest acquisition to …

Companies Investments

11 August 2022 03:11 PM Aramex’s profit slides 18% in 6M

Dubai - Mubasher: Aramex’s profits for the first half (H1) of 2022 fell by 18% year-on-year (YoY) to AED 91.87 million, compared to AED 111.47 million. Revenues for the first six months (6M) of the year went down by 1% to reach AED 2.96 billion …

Financial Results

2 June 2022 09:49 AM Aramex to acquire US cross-border e-commerce platform for $265m

Dubai - Mubasher: Aramex has signed a binding agreement to fully acquire Access USA Shipping (MyUS), a US-based technology-driven platform that enables cross-border e-commerce, in exchange for $265 million. Both companies will explore several …

Companies Investments

29 May 2022 09:33 AM Aramex increases foreign ownership limit to 100%

Dubai – Mubasher: Aramex has raised the foreign ownership limit to 100% from 49% to become the first onshore Emirati company listed on the Dubai Financial Market (DFM) to allow for full ownership by foreign investors. This decision was made after …

Companies Investments

15 March 2022 01:12 PM Aramex's board proposes 13% dividends for 2021

Dubai – Mubasher: The board of Aramex has recommended a cash dividend distribution, equivalent to 13% of the company's paid-up capital, for 2021. The cash dividend distribution is subject to the approval of the ordinary general meeting (OGM), …

Cash Dividends

10 February 2022 10:14 AM Aramex's profits retreat 15% in 2021

Dubai – Mubasher: Aramex has recorded a 15% decline in net profits to AED 225.37 million in 2021, compared to AED 266.65 million in the previous year, according to the company's unaudited preliminary financials for the year ended 31 December 2021. …

Financial Results

20 January 2022 11:03 AM Abu Dhabi Ports acquires 22% stake in Aramex

UAE - Mubasher: Abu Dhabi Ports Company has acquired a 22.32% stake in Aramex from Alpha Oryx Limited. The transaction does not have any impact on the financial position of Abu Dhabi Ports and Alpha Oryx, according to a recent bourse disclosure. …

Companies Investments

14 December 2021 03:54 PM Aramex, Virtuzone to provide regional e-commerce startup programme with solutions

Mubasher: Aramex has teamed up with Virtuzone to offer logistics and shipping solutions to the members of AMP, an e-commerce startup accelerator programme in the MENA region. Under the partnership, Aramex will provide AMP members with special …

Global Economy

9 December 2021 06:05 PM Aramex suspends decision of acquiring Turkey’s MNG Kargo

Dubai – Mubasher: Aramex will not proceed with the acquisition of MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık (MNG Kargo), upon the board’s final decision on 9 December, according to a bourse disclosure on Thursday. In a separate filing, Aramex …

Corporate Actions

7 November 2021 10:41 AM Aramex sees 14% lower profits in 9M, higher revenues

Dubai – Mubasher: The net profits attributable to the equity holders of Aramex decreased by 14% to AED 179.29 million during the first nine months of 2021 from AED 208.003 million in the corresponding period of 2020, as shown by the company's …

Financial Results

19 October 2021 10:26 AM Aramex partners with International Humanitarian City to facilitate aid transportation

Dubai –  Mubasher: Aramex has partnered with International Humanitarian City in Dubai (IHC) to raise efficiency in delivering humanitarian services across the world. Under the agreement, Aramex will benefit from its global network to help IHC …

Companies Investments

10 October 2021 01:13 PM Aramex inks commitment with SBTi to cut carbon emissions by 2030

Dubai – Mubasher: Aramex has signed a commitment with the Science-Based Target initiative (SBTi) to cut its greenhouse gas emissions by 2030. The initiative is in line with Aramex's sustainability strategy to reduce its impact on the …

Companies Investments

12 September 2021 03:02 PM Aramex selects Agility Logistics Park for largest logistics warehouse in Kuwait

Dubai – Mubasher: Aramex has selected the Agility Logistics Park (ALP) in Sulaibiya as the location for its new 16,000 square metre e-fulfilment centre, the largest logistics warehouse in Kuwait. Aramex’s new warehouse facility is located in …

Companies Investments

12 September 2021 09:55 AM Aramex confirms early discussions to acquire Turkey's MNG Kargo

Dubai – Mubasher: Aramex has confirmed the news referring that the company has entered into discussions for a potential acquisition of MNG Kargo, a Turkish delivery company. The company is carrying out its initial evaluation; hence, the …

Mergers and Acquisitions

9 September 2021 02:44 PM Aramex in advanced talks to buy Turkey's MNG Kargo

Dubai –  Mubasher: Aramex is holding advanced talks to acquire Turkish delivery company MNG Kargo in a deal that could be worth $500 million, three sources told Reuters. The potential acquisition comes as relations between the UAE and Turkey begin …

Companies Investments

7 September 2021 09:51 AM Aramex decouples core businesses as part of new operating model

Dubai –  Mubasher: Aramex has decoupled its core businesses as part of a new operating model that aims to improve its customer services and capture growth opportunities, namely in the B2C and B2B customer segments. This step was taken by …

Companies Investments

5 August 2021 09:42 AM Aramex reports 31% lower profits in H1-21; higher revenues

Dubai –  Mubasher: The net profits attributable to the equity holders of Aramex have decreased by 31% to AED 111.479 million during the first half (H1) of 2021 from AED 161.796 million in the same period of 2020, according to the unaudited interim …

Financial Results

9 May 2021 01:28 PM Aramex reports lower profits in Q1-21; higher revenues

Dubai –  Mubasher: The net profits attributable to the equity holders of Aramex decreased to AED 40.656 million in the first three months of 2021 from AED 61.727 million in the year-ago period, according to the company’s unaudited interim …

Financial Results

9 May 2021 01:27 PM Aramex names new CEO

Dubai – Mubasher: Aramex announced that it has appointed Othman Aljeda as the company’s new CEO to replace Bashar Obeid. Since Aljeda joined Aramex in 1994, he has occupied several leadership positions to promote the company’s businesses in the …

Board of Directors

2 May 2021 01:40 PM Aramex CEO Bashar Obeid resigns

Dubai – Mubasher: Aramex announced the resignation of Bashar Obeid from his position as CEO, due to personal reasons, following 28 years of service in the company.   Obeid will continue to serve as CEO until a successor is named, after which he …

Board of Directors

22 April 2021 10:00 AM Aramex's OGM approves 13% dividends for 2020

Dubai –  Mubasher: The ordinary general meeting (OGM) of Aramex approved cash dividend distribution, equivalent to 13% of the company's paid-up capital, for 2020. The cash dividend distribution is valued at AED 190.33 million, according to the …

General Assembly

6 April 2021 01:27 PM DFM plans to launch new equity futures contracts on three listed companies

Dubai – Mubasher: The Dubai Financial Market (DFM) plans to launch new equity futures contracts on individual stocks of three listed companies on 18 April 2021 to diversify investment opportunities. The three companies comprise Aramex, Air Arabia, …

Companies Investments

31 March 2021 09:33 AM Aramex's board proposes 13% dividends for 2020

Dubai –  Mubasher: The board of  Aramex has recommended distributing cash dividends, equivalent to 13% of the company's paid-up capital, for 2020. The proposed cash dividend distribution aggregates at a total amount of AED 190.33 million, …

Cash Dividends

22 February 2021 11:11 AM Morocco's court rules against Aramex in fire incident-related suit

Dubai – Mubasher: Aramex has received a judgment from the court of the first instance in Morocco in favor of a customer that has claimed around $40 million as compensation for the loss of goods and damages related to the fire incident at a …

Management Decisions

10 February 2021 09:39 AM Aramex reports 43% lower profits in 2020; 9% higher revenues

Dubai –  Mubasher: The preliminary results of Aramex showed a 42.7% decrease in net profits to AED 285.014 million in 2020, compared to AED 497.4 million in 2019. The company's revenues rose by 9% to AED 5.51 billion in 2020 from AED 5.068 billion …

Financial Results