Aramex extends foreign share ownership

Aramex share ownership rules have changed.

Aramex, a 3PL operator has altered its share ownership rules to allow up to 49% foreign ownership.

The company’s shares are listed on the Dubai Financial Market (DFM), and just under half of them may now be owned by foreign investors, including all those who are not nationals of the UAE or the Gulf Cooperation Council (GCC) states.

This change is effective immediately. 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 per cent at any time.
 

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