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Thursday, 2 July 2009

Aramex extends foreign ownership up to 49%

Aramex announced that foreign investors, including all those who are not nationals of the UAE or the Gulf Co-operation Council states, may own up to 49 per cent of the company's share capital.

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. Aramex has got high levels of foreign ownership of its shares.END