Bashar Obeid News Today

Dubai: Dubai’s logistics major Aramex was hit by a 32 per cent drop in net profits for the first quarter of 2021, with Dh46.01 million compared to Dh67.41 million a year ago, This was despite international and domestic express volumes totaling 31.59 million, which is a 26 per cent increase over last year. “The decline in operating profit and EBITDA was impacted by an increase in line haul costs on the back of global capacity constraints caused by supply chain disruptions due to the pandemic...

Aramex names Othman Aljeda as new CEO Waheed Abbas/Dubai Supplied photo Othman joined Aramex in 1994. Logistics and transport firm Aramex on Thursday announced the appointment of Othman Aljeda as CEO, replacing Bashar Obeid who submitted his resignation last week. Bashar will work closely with Othman to support a smooth transition of responsibilities. Othman joined Aramex in 1994, and over the last two decades, he has stepped up in several leadership roles to strengthen the company’s business...

SHARE Dubai-listed Aramex appointed Othman Aljeda as its new chief executive as the company reported a 32 per cent decline in first-quarter profit but saw revenue soar on the back of rising e-commerce. Profit in the first three months of the year fell to Dh46 million ($12.5m) from the same period a year earlier, the company said in a regulatory filing on Thursday to the Dubai Financial Market, where its shares trade. Revenue in the first quarter grew 24 per cent to Dh1.4 billion. Operating pro...

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Aramex, a leading global provider of logistics solutions, has posted revenues of AED1.425 billion ($387 million) in the first quarter of the year (Q1) compared to revenue of AED1.152 billion in Q1 2020, reflecting an increase of 24%.

Aramex appoints Othman Aljeda as new CEO DUBAI, 6 hours, 34 minutes ago Aramex, a leading global provider of logistics solutions, has appointed Othman Aljeda as Chief Executive Officer (CEO)of the Company, replacing Bashar Obeid who submitted his resignation to the Board on April29 Obeid will work closely with Aljeda to support a smooth transition of responsibilities, an Aramex statement said. Aljeda joined Aramex 1994, and over the last two decades, he has stepped up in several leadership ...

DUBAI: Aramex failed to turn a surge in demand from e-commerce into profits as pandemic-related capacity constraints squeezed margins in the first quarter. Q1 net profit fell 32 percent to 46 million dirhams ($12.5 million) even as revenues jumped 24 percent to 1.42 billion dirhams, the Dubai-based logistics company said in a filing to the Dubai Financial Market. The increase in revenue was driven by a 35 percent gain in its International Express business to 647 million dirhams as cross-border ...

Aljeda replaces Bashar Obeid who submitted his resignation to the board on April 29 by Zainab Mansoor May 6, 2021 Dubai-based logistics group Aramex has appointed Othman Aljeda as its CEO, it announced on May 6. Aljeda replaces Bashar Obeid who submitted his resignation to the board on April 29. Bashar will work closely with Othman to support a smooth transition of responsibilities. Having joined Aramex in 1994, Aljeda has stepped up in several leadership roles to strengthen the ...

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Company board to discuss appointment of a new chief executive to replace Mr Obeid who resigned for personal reasons