ARAMEX PJSC

The text is a clarifying disclosure regarding the approval of agencies, as per Clauses 1 and 2 of Article 40 of the Corporate Governance Manual. It states that any shareholder who has the right to attend the General Assembly can delegate someone who is not a Board member or a staff member of the company to attend and vote on their behalf. This delegate, however, cannot represent more than 5% of the company's issued capital. The shareholder's signature on the power of attorney must be approved by a recognized authority. The proxy form should include the contact information of the shareholder and the brokerage firm that approved the proxy. For further inquiries, readers are directed to a provided phone number and email address.

On February 8, 2024, Aramex PJSC held a board meeting with nine members present. The board approved the audited financial results for the fiscal year ending on December 31, 2023, and decided to invite the Annual General Assembly for a meeting on March 21, 2024, pending approval from the Securities and Commodities Authority. The board discussed capital allocation priorities, including deleveraging the balance sheet and reducing interest expenses to boost growth and net income. Consequently, it recommended not distributing dividends for the ended fiscal year. Other company business updates and routine matters were also discussed. The meeting was signed off by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

Aramex, a global logistics and transportation solutions provider, reported a 2x growth in Q4 2023 Group Net Income, achieving the highest-ever quarterly volumes in International Express, despite challenging market conditions and currency fluctuations. However, the growth was offset by a decline in revenues from other products, including Freight Forwarding and Domestic Express and Logistics products. The company's Gross Profit improved by 2% YoY in Q4 2023 to AED 389 million, largely due to efficiency maximizing initiatives and cost optimization. Despite a decrease in revenue, the EBITDA for Q4 2023 surged by 33% to AED 197 million and 2% YoY in FY 2023, achieving a healthy EBITDA margin of 13% in Q4 2023, and 11% for the fiscal year.

On Thursday, 8 February 2024, Aramex PJSC held a board meeting which lasted from 3:00 PM to 4:45 PM UAE time. Nine board members were present at the meeting. The board approved the audited financial results for the fiscal year ended 31 December 2023 and discussed the company's business updates and routine matters. They also decided to invite the Annual General Assembly to hold its meeting on Thursday, 21 March 2024, pending approval from the Securities and Commodities Authority regarding the time, date, and agenda of the meeting. The meeting was authorized by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

The document is a report from the directors of ARAMEX PJSC and its subsidiaries, presenting the consolidated financial statements for the year ending on 31 December 2023.

On Monday, 5th February 2024, a letter was sent to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, from Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC. The letter informed Mr. Ali that the company's earnings call is scheduled for Tuesday, 13th February 2024 at 3:00 PM UAE time. The purpose of the call is to discuss the financial results of Aramex PJSC for the fourth quarter and the full year ending 31st December 2023.

Aramex PJSC has scheduled a meeting for Thursday, 8 February 2024 at 3:00 PM UAE time. The agenda includes discussion and approval of the audited financial results for the fiscal year ending 31 December 2023, setting a date and agenda for the Annual General Meeting, deciding on dividend distribution for 2023, and discussing company business updates and routine matters. The notice was signed by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC, on Monday, 5 February 2024.

On 13th December 2023, Aramex PJSC held a board meeting from 3:00 PM to 4:40 PM UAE time. All nine board members were present, achieving a 100% quorum. The board discussed the company's business updates and other routine matters. The meeting was signed off by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.