Arab Today, arab today aramex to spend 100m on acquisitions by 2013
Last Updated : GMT 16:29:09
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.

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 Rabia Fatima reveals role of "Facebook" in her career

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 06:25 2017 Thursday ,23 February

Bupa Arabia sponsors SMEA forum

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares

GMT 16:50 2017 Wednesday ,22 February

Yahoo salvages Verizon deal
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:29 2017 Monday ,20 February

Prepares to present 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