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Aramex appoints new CEO as first-quarter profit slides


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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 profit declined 20 per cent to Dh79m. First-quarter earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins fell 11.9 per cent, impacted by an increase in line-haul costs on the back of global capacity constraints caused by supply chain disruptions the industry continues to face due to the pandemic , Aramex said. ....

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Dubai: Aramex CEO Bashar Obeid resigns


Dubai: Aramex CEO Bashar Obeid resigns
Obeid worked with Aramex for 28 years.
Dubai-listed Aramex logistics and transportation company Aramex has announced the resignation of its Group Chief Executive Officer Bashar Obeid due to personal reasons.
Obeid will, however, continue to serve as the Group CEO until a successor to his role is announced in due course, after which he will act as an advisor to the company.
Obeid started his professional journey with Aramex as a fresh graduate over 28 years ago and rose through the ranks to be appointed as the Group CEO in 2017.
Given the challenging global environment, he said the company is well-positioned to achieve its strategic vision, scale new heights and strengthen its place as a leading industry player in its core markets. ....

Bashar Obeid , Mohamed Juma Alshamsi , Dubai Listed Aramex , Group Chief Executive Officer Bashar Obeid , Captain Mohamed Juma Alshamsi , Bashar Obeid , பஷர் கீழ்ப்படியுங்கள் , துபாய் பட்டியலிடப்பட்டுள்ளது அராமெக்ஸ் ,