Press releases, Reports & Disclosures for ARAMEX PJSC

On January 15, 2025, a meeting was held by Aramex PJSC with all board members present. Key topics discussed included a notification from Q Logistics Holding LLC about its intention to make a voluntary conditional cash offer to acquire up to 100% of Aramex's share capital not already owned by Abu Dhabi Ports Company PJSC. The board also discussed appointing legal and financial advisors for the transaction and reviewed business updates and routine matters. The meeting was documented by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

A meeting for Aramex PJSC is scheduled for Wednesday, January 15, 2025, at 12:00 PM UAE time. The agenda includes discussing a notification from Q Logistics Holding LLC regarding its intention to make a voluntary conditional cash offer to acquire up to 100% of Aramex PJSC's shares not already owned by Abu Dhabi Ports Company PJSC. Additionally, the meeting will cover business updates and routine matters. The document is signed by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

Aramex PJSC announced that it received a notification from Q Logistics Holding LLC, a subsidiary of ADQ Development Holding LLC, on January 10, 2025. The notification expressed Q Logistics Holding LLC's intention to submit a voluntary conditional cash offer to acquire up to 100% of Aramex PJSC's share capital not already owned by Abu Dhabi Ports Company PJSC. The proposal will be reviewed by Aramex's Board of Directors following the relevant procedures outlined by the Securities and Commodities Authority's rules on acquisitions and mergers. Aramex PJSC will provide further updates on any significant developments.

On Wednesday, November 27, 2024, Aramex PJSC held a meeting attended by eight board members, achieving an 89% quorum. The meeting, which took place from 3:45 PM to 5:30 PM UAE time, focused on discussing the company's business updates and routine matters. The meeting results were documented by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

Aramex PJSC, a listed company, has scheduled a meeting for Wednesday, 27 November 2024, at 3:00 PM UAE time. The agenda includes a discussion on the company's business updates and routine matters. Amanda Dahdah, the Governance Officer and Board Secretary, is the authorized signatory for this meeting.

Aramex reported strong financial results for the third quarter of 2024, with an 18% year-on-year increase in revenue to AED 1.59 billion. For the first nine months of 2024, revenue rose by 11% to AED 4.63 billion, driven by growth across all product lines: International Express (10% YoY), Domestic Express (27% YoY), Freight Forwarding (22% YoY), and Logistics & Supply Chain Solutions (13% YoY). The company saw consistent volume growth, with International Express volumes up 34% and Domestic Express volumes up 18%. Gross profit for Q3 rose 11% YoY to AED 373 million, though the gross profit margin decreased to 23%. Aramex projects a full-year revenue growth of approximately 9% and expects gross profit margins to remain between 24% and 25%. The company maintains a strong balance sheet with a cash position of AED 447 million and a Net Debt-to-EBITDA ratio of 2.1x. Net profit for Q3 increased by 177% YoY to AED 26.7 million.

On Thursday, November 7, 2024, Aramex PJSC held a board meeting from 3:00 PM to 5:40 PM UAE time, with all nine board members present, achieving a 100% quorum. The meeting focused on approving the company's unaudited interim condensed consolidated financial statements for the third quarter and the first nine months ending September 30, 2024. Additionally, the board discussed the company's business updates and routine matters. The meeting results were documented by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

The document is the unaudited interim condensed consolidated financial statements for Aramex PJSC and its subsidiaries, covering the period ending on September 30, 2024.

The Dubai Financial Market has been informed of an upcoming earnings call for Aramex PJSC, scheduled for Monday, November 11, 2024, at 3:00 PM UAE time. The meeting will discuss the company's financial results for the third quarter, which ended on September 30, 2024. The notice was sent by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

Aramex PJSC has scheduled a meeting for Thursday, November 7, 2024, at 3:00 PM UAE Time. The agenda includes the approval of the company's unaudited interim condensed consolidated financial statements for the third quarter and the first nine months ending September 30, 2024. Additionally, the meeting will cover business updates and routine matters. The notice is signed by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.