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

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.
Aramex, a global logistics and transportation solutions provider, has formed a joint venture with ZK Holding, an investment company in Abu Dhabi, to enhance logistics and courier services in Iraq. This partnership aims to offer integrated services such as domestic and international courier, freight forwarding, and contract logistics, supporting both local and international businesses. By leveraging ZK Holding's extensive network of over 7,000 points of sale across Iraq, Aramex plans to expand its operations to more than 15 cities, facilitating smoother logistics. The joint venture is set to begin operations in the first quarter of 2025, targeting corporate and retail customers and aiming to unlock new trade lanes and markets. The collaboration comes as Iraq's e-commerce market is projected to grow significantly, and it seeks to create a robust logistics ecosystem to tap into this potential.

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Dubai Financial Market News

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

Dubai Financial Market News

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

Dubai Financial Market News

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

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