GulfBase Live Support
25/05/2015 16:44 AST
The board of Dubai-listed logistics company Aramex has approved the acquisition of 25 per cent of WS One Investment’s shares, according to a statement on the Dubai Financial Market (DFM) on Monday.
The acquisition will be for a consideration of around Dh9 million, Aramex said in the statement. WS One Investment provides cross-border mailbox consolidation services with operations out of Ohio in the United States.
Last year, Aramex acquired Australian courier company Mail Call Couriers for A$33 million (Dh94.6 million) and South Africa-based retailer PostNet for $16.5 million (Dh60.6 million).
Aramex posted a 10 per cent increase in net profit to Dh86.6 million in the first quarter of 2015, compared with the same period a year ago. Revenue also grew, having reached Dh930 million, up 9 per cent compared with the first three months of 2014.
The company expects profit to grow by 10 per cent this year driven by its “expanded operations in South Africa and Australia, e-commerce and domestic express [business],” said Hussain Hachem, chief executive of Aramex, in February.
Gulf Gulf News
13/02/2018
Aramex, the leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the Fourth Quarter and Full Year ended 31st December 2017.
<
Press Release
12/02/2018
Aramex, a leading global logistics provider, has posted revenues of Dh4.721 billion ($1.28 billion) for 2017; up by 9 per cent compared to Dh4.343 billion in 2016.
Aramex’s Q4 2017 revenue
GDN Online
21/11/2017
The board of Aramex, the largest courier company in the Middle East, appointed Bashar Obeid as chief executive, replacing Hussein Hachem, who led the company for almost five years.
“Mr. Ob
The National
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
RIBL | 13.83 | 1,519,548 |
JARIR | 177.89 | 111,251 |
STC | 83.41 | 257,644 |
DARALARKAN | 13.47 | 74,648,349 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News