Arab Today, arab today aramex to spend 100m on acquisitions by 2013
Last Updated : GMT 00:00:12
Arab Today, arab today
Arab Today, arab today

Aramex to spend $100m on acquisitions by 2013

Arab Today, arab today

Arab Today, arab today Aramex to spend $100m on acquisitions by 2013

Amaan - Arabstoday

Aramex PJSC, the Middle East\'s largest courier company, will spend as much as $100 million on acquisitions by the end of next year, Chief Executive Officer Fadi Ghandour said in an interview with Arabian Business. \"We will do in the coming year and half four or five, maybe six,\'\' acquisitions, said Ghandour, 53,  who founded the company with a friend in Jordan in 1982 and plans to retire at the end of this year. \"We have one in the pipeline coming up but we’re looking at a couple of small ones in Asia and Australia and we will continue to look at Africa,\'\' he said. \"Turkey is a very interesting market for us. Even if we’re not looking at a specific acquisition, if something comes up opportunistically we will actually go ahead and do it.\'\' Aramex became the first Arab-based international company to trade its shares on the NASDAQ stock exchange in 1997. The company delisted after five years, was bought by Dubai -based private equity firm Abraaj Capital and continued to expand before going public on the Dubai Financial Market in 2005. Acquisitions, and increased revenue from the fast paced economies of GCC countries helped the company report a 22 percent increase in its first quarter profits, which saw earnings rise to AED 61 million from AED 50 million in the same period of 2011. The coming three quarters will see double digit growth figures, said Ghandour who will remain on the board of Aramex as vice chairman. \"On the top line and the bottom line we will see variations of what you’ve seen in the first quarter,\'\' he said. Aramex which has a market capitalization of AED 2.65 billion ($708 million) competes with DHL and UPS. It employs more than 12,300 people in over 353 locations across 60 countries.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today aramex to spend 100m on acquisitions by 2013 Arab Today, arab today aramex to spend 100m on acquisitions by 2013

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today aramex to spend 100m on acquisitions by 2013 Arab Today, arab today aramex to spend 100m on acquisitions by 2013

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday