ARAMEX PJSC

Ticker/ISIN
ARMX
AEA002301017
Market/Country
Dubai Financial Market
United Arab Emirates
Latest Stock Price
2.55 AED
2024-07-12

Year to date

0.10 %

3 months

-0.03 %

6 months

0.18 %

1 year

-0.15 %

3 years

0.00 %

5 years

0.00 %

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

ARAMEX PJSC
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.
ARAMEX PJSC
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.
ARAMEX PJSC
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.
ARAMEX PJSC
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.
ARAMEX PJSC
Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, received a letter from Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC. The letter, dated 6 May 2024, informs him about an upcoming earnings call for Aramex PJSC. The meeting is scheduled to take place on 14 May 2024 at 4:00 PM UAE time, to discuss the company's financial results for the first quarter, which ended on 31 March 2024.
ARAMEX PJSC
Aramex PJSC is set to hold a meeting on Thursday, 9 May 2024 at 3:00 PM UAE time. The agenda includes the discussion for approval of the company's unaudited interim condensed consolidated financial statements for the first quarter ending 31 March 2024, and a discussion of the company's business updates and routine matters. The notice is signed by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.
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.
ARAMEX PJSC
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.

Threads

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QueenOfCommunication

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? 🚀📈
ConsumerPrincess

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.
RealEstateKing

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! 🚀📈
Dubai Financial Market News

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

Dubai Financial Market News

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

Dubai Financial Market News

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

Dubai Financial Market News

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

Dubai Financial Market News

Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Earnings Call

Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, received a letter from Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC. The letter, dated 6 May 2024, informs him about an upcoming earnings call for Aramex PJSC. The meeting is scheduled to take place on 14 May 2024 at 4:00 PM UAE time, to discuss the company's financial results for the first quarter, which ended on 31 March 2024.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: BOD meeting

Aramex PJSC is set to hold a meeting on Thursday, 9 May 2024 at 3:00 PM UAE time. The agenda includes the discussion for approval of the company's unaudited interim condensed consolidated financial statements for the first quarter ending 31 March 2024, and a discussion of the company's business updates and routine matters. The notice is signed by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Integrated Report for the Year 2023

1. Attached Document

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