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06-Dec-2016

Aramex board member resigns

Aramex PJSC (ARMX.DU) announced the resignation of Mr. Charles El Hage from his position as a Board Member, effective 30 November 2016 due to personal reasons. Until his recent retirement after 25 years in management consulting, Mr El Hage was senior Vice-President and Managing Director of Booz Allen Hamilton - subsequently Booz & Company - for the Middle East. ( Bourse Statement, Company Website ).   Aramex (DU): AED4.10 as of 4 December 2016, Rating: Buy, TP: AED4.45 per share, MCap: USD1,636mn, ARMX UH / ARMX.DU

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