Aramex
 |
|
| Public (DFM: ARMX) | |
| Industry | Transportation and logistics |
| Founded | 1982 |
| Headquarters | Dubai, United Arab Emirates |
|
Key people
|
Fadi Ghandour (Founder) Hussein Hachem (CEO) |
| Products | International, Express, Domestic Express, Freight Forwarding, Logistics, Shop & Ship, Catalog Services |
| Revenue |
 US$993.62 million (2014) |
|
US$107 million (2016)
|
|
| Website | www |
Aramex (Arabic: ارامكس ’arāmaks) is an international express, mail delivery and logistics services company based in Dubai, United Arab Emirates (UAE). The company was founded by Jordanian Fadi Ghandour and Bill Kingson in 1982. It is the first Arab-based company to be listed on the NASDAQ stock exchange. Aramex is listed on the Dubai Financial Market. Hussein Hachem serves as the company's CEO. Aramex has approximately 13,800 employees in 54 countries and a network consisting of 40 independent express companies.
Thomas Friedman profiled the company in his book, The World Is Flat.
Fadi Ghandour co-founded Arab American Express shortly after receiving his BA in political science from George Washington University, with his business partner, Bill Kingson in 1982. Kingson, a friend of Ghandour's father and owner of a small courier company in the New York tri-state area, discussed the business with Fadi Ghandour after he had expressed interest in the business. After their discussion, Kingson proposed a partnership to establish a courier business in the Middle East with Ghandour.
The company began operations in Amman, Jordan. Arab American Express aimed to become the first courier company in the Middle East. At the time there were no international courier companies based in the region because of logistical and bureaucratic challenges caused by civil wars and complex political relationships. The company's first international delivery was a document for the Housing Bank for Trade and Finance based in Jordan to New York City. Within two years, the company's name was shortened to Aramex.
In 1984, the company's operations were less than $1 million in revenue. Aramex offered Airborne Express 50% ownership of the company for $100,000, that year. Airborne Express declined the offer because it did not have the resources to invest in a small market such as the Middle East. The partnership made Aramex responsible for Airborne's business in the region. Aramex moved its headquarters to Dubai, United Arab Emirates in 1985.
...
Wikipedia