Please wait...
GulfBase Live Support
- ADX names Mena start-up Thndr as remote retail trading member
- Mered expands UAE operations with new Abu Dhabi office
- Bahrain All Share Index closes lower, Islamic Index closes higher
- Burjeel reports 129% increase in Q2 net profit, revenue grows 18.7%
- Saudi Maaden H1 profit up 73% on higher sales; revenue hits $4.8bn
- IQ reports QR2bn net profit in H1, approves 26% interim dividend
- 65% Omanis in private sector earn less than RO600
- Local banks record higher credit issuance in June; reflects positive outlook on Qatar economy
- S&P Affirms China's Sovereign Credit Rating at A+ with Stable Outlook
- Saudi stock market may open to global investors, regulator says
24/04/2025 04:47 AST
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi's Q Logistics - part of the ADQ group - bought a majority stake in Aramex. The move creates a 'UAE based logistics champion', according to market watchers.
Aramex's acting CEO will be Nicolas Sibuet, who has been the CFO since January 2022.
According to Capt. Mohamed Juma Alshamsi, Chairman of Aramex, "Speaking on behalf of the Board, I would like to thank Othman for his extraordinary commitment to Aramex over 31 years of service.
"His leadership, dedication, and unwavering belief in the potential of this company have been instrumental in shaping Aramex into the global logistics player it is today."
AlJeda had been credited with ensuring a smooth turnaround for Aramex with a round of extensive financial and operational restructuring. He brought in a crack management team to help with the process, and the results had been evident in recent financial results.
It was in January that the offer from Q Logistics came about to take over the whole of DFM-listed Aramex. A significant shareholding in Aramex is also held by ADQ entity AD Ports Group. The deal has proceeded smoothly with existing Aramex shareholders, resulting in a majority of the stock now vesting with Q.
In a statement AlJeda said: "From my earliest days on the ground, to the many challenges and milestones we have faced together, I have grown alongside Aramex - not only as a professional, but as a person. I have full confidence in Aramex's future..."
Gulfnews
08/08/2025
Aramex reported group revenues of Dh3.06 billion for the first half of 2025, marking a 1% year-on-year increase, as growth in domestic and regional logistics offset weakness in international express
Gulfnews
23/07/2025
ADQ, an active sovereign investor focused on critical infrastructure and global supply chains based in Abu Dhabi, has completed the acquisition of a majority stake in leading logistics group Aramex,
Trade Arabia
11/03/2025
Aramex, the Dubai-based logistics company, has been acquired by Q, marking one of the bigger corporate takeovers in the UAE.
Q Logistics is part of ADQ, the Abu Dhabi investment company with
Gulfnews
| Ticker | Price | Volume |
|---|
08/08/2025
Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has delivered a strong top-line growth of 18.7% to AED1,403 million ($381.98 million) in Q2 2025, driven by a 12.1% i
Trade Arabia
08/08/2025
Saudi Arabian Mining Company (Maaden) has reported a 73% jump in its net profit for the first half, which soared to SAR3.47billion ($924 million) from SAR2.01 billion ($535 million) last year, mainly
Trade Arabia
08/08/2025
Market heavyweight Industries Qatar (IQ) - the holding entity of Qatar Petrochemicals, Qatar Fertiliser and Qatar Steel - has reported net profit of QR2bn in the first half (H1) of 2025.
The
Gulf Times
08/08/2025
Aramex reported group revenues of Dh3.06 billion for the first half of 2025, marking a 1% year-on-year increase, as growth in domestic and regional logistics offset weakness in international express
Gulfnews
08/08/2025
Parkin Company PJSC, the city's largest paid public parking provider, reported a record 56% year-on-year rise in Q2 2025 revenue to Dh320 million, driven by higher public parking tariffs, strong enfo
Gulfnews
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia