Dubai - Mubasher: Courier firm​ Aramex announced on Monday that Mohamed Al Alabbar has resigned from his position as a board member for the UAE company, which is listed on the Dubai Financial Market (DFM).

The official resignation letter is dated on Thursday, 11 April, according to a disclosure to the DFM.

Aramex concluded that Alabbar has resigned “due to personal reasons”.

On 24 September 2017, Aramex announced that its board of directors had approved the nomination and remuneration committee’s recommendations with regard to appointing Mohamed Alabbar as a board member.

Furthermore, Alabbar is the founder of the $1 billion e-commerce platform Noon, in which Saudi Arabia’s Public Investment Fund (PIF) has a 50% stake.