Tag Archives: Aramex

Aramex Announces Bashar Obeid as Chief Executive Officer

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Dubai, UAE – 19 November 2017:
Aramex (DFM: ARMX), the disruptive leader in the global logistics and transportation industry, today announced that its Board of Directors have appointed Bashar Obeid, currently Chief Financial Officer, as Chief Executive Officer of Aramex, to succeed Hussein Hachem.

Obeid joined the accounting and finance team at Aramex in 1993, and has since grown into several leadership positions including the company’s Financial Controller, Group Financial Controller, and finally Aramex’s Chief Financial Officer. He was a member of the team that oversaw Aramex’s public offering on the NASDAQ stock exchange and later on the Dubai Financial Market (DFM).

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Aramex Announces Net Profits Growth of 13% in the Third Quarter 2017

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Dubai, UAE; November 05, 2017:
Aramex (DFM: ARMX), the disruptive leader in the global logistics and transportation industry, announced today its financial results for the third quarter ending 30 September 2017.

Aramex’s Q3 Net Profits have increased by 13% to AED 81.6 million, up from AED 72.2 million in Q3 2016. Revenues in the third quarter have also increased to AED 1,144 million, up by 9% compared to last year’s AED 1,050 million in Q3 2016. Excluding global currency fluctuations, especially the Egyptian Pound, Q3 2017 Revenues would have registered double-digit growth of 11%.

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The ‘weight’ is over: Aramex launches “Shop & Ship FLEX”

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Dubai, UAE, 26 October 2017
Aramex, the disruptive leader in global logistics and transportation, has announced a brand new addition to its innovative and hugely successful Shop & Ship (S&S) service, the service that makes global online shopping happen. Due to the global high demand for Shop & Ship, increasing customer base, and rapidly evolving needs of e-commerce customers, Aramex has launched its new and exclusive membership option: “Shop & Ship FLEX”.

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Delivering the Future: Aramex Adds Electric Vehicles to its Fleet

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Dubai, UAE, 22 October 2017
Aramex (DFM: ARMX), the disruptive leader in the global logistics and transportation industry, today announces the new addition of ten electric vehicles to its fleet in Amman, Jordan. This comes as part of a longer-term strategic move by Aramex to convert the entire fleet to electric vehicles, in order to reduce operational CO2 emissions and mitigate climate change.

The successful pilot in Jordan will be followed by a rollout of more electric vehicles in the UAE, Egypt, and Lebanon over the next twelve months.

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Aramex CEO Hussein Hachem Ranks 23 amongst Top 100 CEOs in the GCC

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Hussein Hachem, Chief Executive Officer of Aramex International, has been ranked #23 amongst the Top 100 CEOs of publicly listed companies across the GCC. The ranking was unveiled at the “Top CEO Awards” ceremony that was recently organized by TRENDS magazine and INSEAD business school.

The “Top CEO Awards” celebrate the region’s 100 best-performing CEOs based on an evaluation of their companies’ listings on GCC stock exchanges across different categories such as, financial performance, corporate governance, disclosure standards and overall leadership traits of the CEO.

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Aramex Announces Record Net Profit Growth in Q4 2016

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Dubai, UAE; January 30, 2017:Aramex (DFM: ARMX), the disruptive leader in the global logistics and transportation industry, today announced its Full Year Financial Results for the year ended 31 December 2016.

Aramex’s 2016 Full Year Revenues reached AED 4,343 million, up by 16% compared to AED 3,755 million in 2015. Q4 Revenues saw double-digit growth of 18% to AED 1,158 million, compared to AED 982 million in the corresponding period of 2015.

The Company’s 2016 Full Year Net Profits increased by 37% to AED 426.6 million, compared to AED 311.3 million in 2015. Q4 Net Profits reached AED 131.8 million, which represents an increase of 129%, compared to AED 57.6 million in Q4 2015.

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Aramex announces 15% revenue growth in the third quarter of 2016

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Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the last three month (Q3) and nine month (YTD) periods ending 30 September 2016.

Aramex’s Q3 Revenues increased to AED 1,050 million, up by 15% compared to AED 917 million in Q3 2015. Net Profits decreased by 3% to AED 72.2 million, down from AED 74.6 million in Q3 2015.

Adjusting to include results for the full nine month YTD period, Revenues increased to AED 3,185 million, up by 15% compared to AED 2,773 million in the first nine months of 2015. Net Profits increased by 16% to AED 294.8 million, up from AED 253.7 million during the same period last year.

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Aramex Announces Strategic Logistics Partnership with NewBridge Pharmaceuticals

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Aramex, a leading global provider of comprehensive logistics and transportation solutions, has recently announced its partnership with NewBridge Pharmaceuticals. As part of this collaboration, Aramex is now providing a range of logistics services for NewBridge in the Middle East, Africa, Canada and the UK.

Based in Dubai, UAE, NewBridge pharmaceuticals is a regional specialty company providing a one-stop-solution to pharmaceuticals, biological, genomics and other innovative healthcare companies. The focus is on in-licensing and commercializing FDA and EMA/European approved innovative therapeutics and diagnostics that address unmet medical needs of diseases with high prevalence within the emerging markets of the Middle East & Africa region.

Through the partnership, Aramex is managing the logistics of patient samples across any clinics and hospitals from the Middle East to the U.S. for advanced clinical testing. Aramex is also providing temperature controlled storage and transportation of medication for NewBridge from various distribution hubs in the UK and Canada to healthcare facilities within the Middle East and Africa.

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Aramex Records Double Digit Revenue Growth in Second Quarter of 2016

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Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the second quarter of 2016. Aramex’s Net Profits increased by 36% to AED 125.7 million, up from AED 92.5 million in Q2 2015. Revenues were also up 17%, to AED 1,105 million compared to AED 946 million over the corresponding period of the previous year.

Aramex’s Half Year 2016 Revenues increased year-on-year to AED 2,134 million, up 15% compared to AED 1,856 million for the corresponding period of 2015. Net Profits during the same period rose to AED 222.5 million, up from AED 179.2 million in the first half of 2015, a year-on-year increase of 24%. Overall Net Profits registered double-digit growth, impacted by a one-time fair value adjustment related to Aramex’s investment in AMC Logistics joint venture in Egypt amounting to AED 41.6 million.

Commenting on the results, Hussein Hachem, Aramex CEO said: “We are pleased with our Q2 financial performance. Despite global economic uncertainty, continuing oil price volatility and currency fluctuations, our results for the quarter were strong. However, though we finished strongly, we experienced slowing growth at the end of the quarter. We are closely watching this trend so we can quickly adjust to further volatility and remain cautiously optimistic about continuing our growth momentum into the second half of 2016.”

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Aramex partners with 3 word addressing system what3words

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Dubai, UAE, June 29, 2016 – Aramex, a leading global provider of comprehensive logistics and transportation solutions, today announces that it has invested US $2.94 million as part of a US $8.5 million Series B funding round with what3words, the multi-award winning addressing platform. This investment comes to further enhance Aramex’s global e-commerce operations. Previous investors, Intel Capital and British funds Force Over Mass and Mustard Seed also contributed to the deal.

what3words is an address system based on a global grid of 57 trillion 3mx3m squares, where each square has a unique pre-assigned 3-word address. The solution helps everyone who needs to find or share a location – whether they are navigation apps, governments, logistics firms, travel guides or NGOs.

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