Discussions are still in the early stages
Aljeda replaces Bashar Obeid who submitted his resignation to the board on April 29
He resigned on April 29 citing “personal reasons”
Aramex confirmed that the judgment can be appealed
Aramex will provide DED Trader licence holders with Domestic and International Express delivery solutions, and comprehensive freight services and logistics assistance
Aramex will leverage its logistics network to reach more businesses and consumers
The shares were acquired through a series of on-market transactions and through an off-market special deal
Aramex’s Q1 2020 revenues fell 3 per cent to Dhs1.19bn, compared to Dhs1.23bn in Q1 2019
Logistics firm plans to diversify its business with a focus on e-commerce
Currency fluctuations and an employee incentive scheme impacted the results
Aramex CEO Hussein Hachem said that lower oil prices could translate into a 5 to 10 per cent drop in its 2015 operating costs.