send to a friend by email

Aramex seeks for acquisition opportunities

2010-01-28

Argaam: Fadi Ghandour the CEO of Aramex said that the company has a liquidity of about $ 100 million and it is seriously considering for acquisition opportunities this year. He said in an interview with Bloomberg conducted in Davos "If there are not acquisitions, there are new projects". He pointed out that the company was looking to buy or start new companies in Asia and Africa, including China and Malaysia. Ghandour said that he is optimistic for the fourth-quarter earnings after the improvement of profit margins in the company last year and is expected to maintain those margins in the current year.