ARAMEX PJSC

Logotype for ARAMEX PJSC
Ticker/ISIN
ARMX
AEA002301017
Market/Country
Dubai Financial Market
United Arab Emirates

About ARAMEX PJSC

Country of Origin: United Arab Emirates (U.A.E)

Aramex PJSC (“the Parent Company”) is a Public Joint Stock Company registered in the Emirate of Dubai, United Arab Emirates on 15 February 2005 under UAE Federal Law No. 8 of 1984 (as amended). The Parent Company and its subsidiaries are (collectively referred to as “the Group” and individually as “Group entities”).

The Parent Company was listed on the Dubai Financial Market on 9 July 2005. The principal activities of the Group are to invest in the freight, express, logistics and supply chain management businesses through acquiring and owning controlling interests in companies in the Middle East and other parts of the world.

Latest Pressrelease Summaries from ARAMEX PJSC

Aramex PJSC has announced the final results of a voluntary conditional cash offer from Q Logistics Holding LLC, a subsidiary of Abu Dhabi Developmental Holding Company PJSC (ADQ), to acquire up to 100% of Aramex's issued and paid-up ordinary share capital not already owned by Abu Dhabi Ports Company PJSC. The completion of the offer is subject to certain conditions outlined in the Offer Document. Aramex will provide further updates on any significant developments.
On March 20, 2025, Aramex PJSC held a meeting chaired by Mr. Mohamed Juma Alshamsi, with a quorum of 60.88% of capital. The meeting, conducted electronically and in-person in Dubai, approved several resolutions for the year ending December 31, 2024. These included the approval of the Board of Directors' report, the Auditor’s report, the company's balance sheet, and profit and loss account. The recommendation not to distribute cash dividends was also approved, along with the Board of Directors’ remuneration of AED 4,400,000. The members of the Board and the external auditors were absolved from any liability. Ernst & Young was appointed as the auditors for the financial year ending December 31, 2025, with fees set at AED 6,941,214. The meeting also approved the Board Members’ Remuneration Policy, with no special resolutions taken. The meeting details were authorized by Amanda Dahdah, Governance Officer and Board Secretary.
Aramex PJSC announced an update on the voluntary conditional cash offer from Q Logistics Holding LLC, a subsidiary of Abu Dhabi Developmental Holding Company PJSC (ADQ), to acquire the remaining shares of Aramex not held by Abu Dhabi Ports Company PJSC. The update, received on March 10, 2025, details the results of the offer. Q Logistics will continue accepting shares from Aramex shareholders who did not tender during the offer period until 3:00 PM (UAE time) on March 24, 2025. The final total of tendered shares will be announced on March 28, 2025. Aramex will provide further updates on any significant developments.
The text outlines the requirements for shareholders who wish to delegate someone to attend a General Assembly on their behalf, according to the Corporate Governance Manual. Shareholders can delegate individuals who are not board members, company staff, or employees of securities brokerage companies. The delegated person must not represent more than 5% of the company's issued capital. The power of attorney must be signed by an approved entity such as a Notary Public, commercial chamber, economic department, bank, or licensed company. Shareholders and proxyholders must provide valid identification, and the proxy form should include contact details of the shareholder and the approving brokerage firm. Corporate entities can delegate representatives through a resolution from their Board of Directors, with required documentation. For further questions, contact information is provided.
On Wednesday, February 26, 2025, Aramex PJSC held a board meeting from 6:00 PM to 8:00 PM UAE time. The meeting had a quorum of 88.9% with eight board members present. The discussion focused on the company's business updates and routine matters. The meeting results were documented by Amanda Dahdah, the Governance Officer and Board Secretary for Aramex PJSC.
Aramex PJSC has scheduled a meeting for Wednesday, 26 February 2025, at 6:00 PM UAE Time. The agenda for the meeting includes a discussion of the company's business updates and routine matters. Amanda Dahdah, the Governance Officer and Board Secretary, is the authorized signatory for the meeting notice.
Aramex PJSC announced an update on the voluntary conditional cash offer from Q Logistics Holding LLC, a subsidiary of Abu Dhabi Developmental Holding Company PJSC (ADQ), to acquire up to 100% of Aramex's shares not already owned by Abu Dhabi Ports Company PJSC. On 15 February 2025, Aramex received information from ADQ about the appointment of EFG Hermes UAE Limited, International Securities LLC, and Emirates NBD Capital as co-lead managers for the offer. The details of these appointments are included in an attached letter. The announcement was made by Amanda Dahdah, Governance Officer and Board Secretary of Aramex PJSC.
On February 11, 2025, the Board of Directors of Aramex PJSC met to discuss a voluntary conditional cash offer from Q Logistics Holding LLC to acquire the shares of Aramex not already held by Abu Dhabi Ports Company PJSC. HSBC, serving as Aramex's independent financial advisor, provided a fairness opinion on the offer. The Board resolved to recommend this offer to Aramex's shareholders. A shareholders' circular is enclosed, containing the Board's recommendation and the fairness opinion, in compliance with the Securities and Commodities Authority's rules on acquisitions and mergers.

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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Results of BOD Meeting

On Thursday, 8 August 2024, Aramex PJSC held a meeting from 3:00 PM to 5:00 PM UAE time, with 8 board members present and an 89% quorum. The meeting included the approval of the company's unaudited interim condensed consolidated financial statements for the second quarter and the first six months ending 30 June 2024, as well as a discussion on business updates and routine matters. The meeting results were recorded by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

1. Attached Document

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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Earnings Call

Date: Monday, 5 August 2024 Mr. Hamed Ahmed Ali Chief Executive Officer Dubai Financial Market Dubai, United Arab Emirates Subject: Earnings Call of Aramex PJSC (“the Company”) Greetings, With reference to the above subject, please be informed that the Company’s Earnings Call will be held on Monday, 12 August 2024 at 2:00 PM UAE time, to discuss Aramex PJSC’s financial results for the second quarter ended 30 June 2024. Sincerely, Amanda Dahdah Governance Officer and Board Secretary Aramex PJSC

1. Attached Document

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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: BOD meeting

Aramex PJSC has scheduled a meeting for Thursday, August 8, 2024, at 3:00 PM UAE time. The agenda includes discussions for the approval of the company's unaudited interim condensed consolidated financial statements for the second quarter and the first six months ended June 30, 2024, as well as updates on the company's business and routine matters. The notice is signed by Amanda Dahdah, Governance Officer and Board Secretary of Aramex PJSC, and is dated Monday, August 5, 2024.

1. Attached Document

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QueenOfCommunication

Commented on FinanceBroAEDs Transaction regarding ARAMEX PJSC

Nice move picking up ARAMEX shares! With Communication Services and Materials in my watchlist, I’m curious—what’s your take on diversifying into new sectors? 🚀📈
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ConsumerPrincess

Commented on FinDiesels Transaction regarding ARAMEX PJSC

Interesting move by FinDiesel diversifying into ARAMEX PJSC. At 2.17 AED per share, it could be a strategic entry into the Consumer Discretionary sector. Looking forward to seeing how this plays out.
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RealEstateKing

Commented on FinanceBroAEDs Transaction regarding ARAMEX PJSC

Great pick with ARAMEX PJSC! Logistics is a solid sector, especially in the UAE. Your portfolio's diversification looks promising. Keep an eye on market trends, and best of luck! 🚀📈
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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Press release

Aramex, a global logistics and transportation solutions company, has appointed Arqaam Securities as the liquidity provider for its shares listed on the Dubai Financial Market (DFM). Arqaam Securities, a leading regional financial institution, will trade Aramex shares independently, ensuring compliance with DFM and Securities and Commodities Authority (SCA) regulations. The agreement is for one year and Arqaam Securities' ownership of Aramex shares will not exceed 5% at any time. This move aims to enhance market liquidity, reduce the spread between bid and ask prices, and facilitate smoother trading experiences for investors. Aramex's shares are 50% free float and 100% open to foreign investment, with Geo post and Abu Dhabi Ports being the strategic shareholders owning 28% and 22% respectively.

1. Attached Document

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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Press release

Aramex, a global logistics and transportation solutions provider, has reported its Q1 2024 financial results. The company's net profit doubled compared to the same period in the previous year. Group revenue grew by 8% YoY, with solid contributions from all products. International Express and Domestic Express were key drivers of this growth, while Freight Forwarding showed resilience with a 3% increase amid global shipping challenges. The company's focus on sales and operational efficiency resulted in improved margins across Gross Profit, EBIT, and EBITDA. Aramex maintains a strong cash position of AED 571 million and a Net Debt-to-EBITDA ratio of 0.8x.

1. Attached Document

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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Financial statements for the 1st QTR of 2024

The text refers to the unaudited interim condensed consolidated financial statements of Aramex PJSC and its subsidiaries as of 31st March 2024. This document will provide a summary of the company's financial performance and position for this period, though it has not been audited by an independent party.

1. Attached Document

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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Results of BOD Meeting

On 9th May 2024, Aramex PJSC held a board meeting from 3:00 PM to 5:45 PM UAE time, with 100% quorum from the nine board members present. The company's unaudited interim condensed consolidated financial statements for Q1 2024 were approved. Additionally, the company's business updates and routine matters were discussed. The meeting was authorized by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

1. Attached Document