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aramex-s-revenue-in-fy-2020-increases-9-to-record-aed-5-510-millione4d57f88b3f2659d9310ff0100e7fe0c

Aramex’s Revenue in FY 2020 Increases 9% to Record AED 5,510 million

  • Efficient and agile operations underpinned by strong digital backbone and robust financial position enabled Aramex to handle 21% growth in International and Domestic Express Volumes during 2020

aramex-s-revenue-increased-by-19--to-aed-1-507-million-in-q3-202057d47d88b3f2659d9310ff0100e7fe0c

Aramex’s Revenue Increased by 19% to AED 1,507 million in Q3 2020

  • Q3 2020 Net Profit fell 59% year-on-year to AED 46.2 million, due to the non-recurring provision
  • Excluding the non-recurring provision, Net Profit would have been AED 99.1 million, down by 13% compared to Q3 2019

Aramex’s Revenue in FY 2020 Increases 9% to Record AED 5,510 million

Aramex enters a definitive and binding agreement to sell InfoFort to Iron Mountain

Global Logistics Giant, Aramex, Accelerates Digitization of Revenue Management Systems with open price

Aramex enters a definitive and binding agreement to sell InfoFort to Iron Mountain
  • Sale aligned with Aramex’s strategy to focus on core logistics operations
  • Deal strengthens Aramex’s balance sheet

Dubai, UAE; February 3, 2020: Aramex PJSC (“Aramex”) (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, announced today that it is has reached a definitive and binding agreement for a subsidiary of Iron Mountain Incorporated (“Iron Mountain”), the US based global leader of information management services, to acquire Information Fort (LLC) (“InfoFort”), a leading records and information management provider in the Middle East, North Africa and Turkey regions.  Upon completion of the transaction, Aramex will cease to be a shareholder in InfoFort.

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