This step follows ratification by the UAE Ministry of Economy of a resolution approved at a recent Aramex Extraordinary General Meeting, stating that share ownership by GCC and UAE nationals should be treated at par. Collectively, their ownership of Aramex shares should not be less than 51% at any time.
Since the listing of its shares on the DFM in 2005, Aramex has consistently attracted high levels of foreign ownership of its shares, and continues to attract such interest from long-term foreign institutional investors.
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Aramex extends foreign share ownership up to 49%
- United Arab Emirates: Wednesday, July 01 - 2009 at 14:55
- PRESS RELEASE
Aramex announced that foreign investors, including all those who are not nationals of the UAE or the Gulf Cooperation Council states, may own up to 49% of the company's share capital as of July 1, 2009.
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About Aramex:Built on a 27-year history of innovation, Aramex (DFM: ARMX) facilitates responsible global commerce by delivering customised transport and logistics solutions around the world through sustainable business practices.
For further information, please contact:
Ashraf Al Shakaa
Public and Investor Relations Manager (GCC)
Aramex (PJSC), Dubai, UAE
Tel: 971-4-808 9012
Nitin Nambiar / Sudha Hemmad
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3344550
Fax: 971-4-3356080
Posted by Rima Ali Al MashniWednesday, July 01 - 2009 at 14:55 UAE local time (GMT+4)
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