Aramex Inaugurates New e-Commerce Fulfillment Center in Dubai
Record profitability as restructuring efforts pay off and digitization strategy successfully positions Aramex at the center of global e-commerce boom
Aramex (DFM: ARMX), the leading global provider of comprehensive logistics and transportation solutions, today announces the acquisition of the KSA-based company, Saudi TAL for Commerce and Contract Company Ltd (“Saudi TAL”), for approximately US $80 million.
Aramex (DFM: ARMX), the leading global provider of comprehensive logistics and transportation solutions, announces today its Board of Directors’ approval to sell its 60% stake in its joint venture with Australia Post, “Aramex Global Solutions (AGS)”, to Australia Post, for US $20 million. The decision to sell came as a mutually agreed transaction that will allow both organizations to independently execute their strategic growth in the booming global e-commerce industry.