Arab Today, arab today aramex to spend 100m on acquisitions by 2013
Last Updated : GMT 20:03:31
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

 



Arab Today, arab today

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 France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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