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Dubai’s Aramex splits core businesses as part of reshuffle

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FILE PHOTO: A delivery staff member wearing a protective mask prepares parcels in Aramex office amid the coronavirus disease (COVID-19) crisis, in Bethlehem in the Israeli-occupied West Bank July 19, 2020. REUTERS/Mussa Qawasma

DUBAI (Reuters) – Dubai-listed courier Aramex said on Tuesday it had split its core businesses as part of a reshuffle aimed at capturing growth in the post-COVID-19 transportation and logistics industry.

The company, in which Abu Dhabi-backed investor ADQ last year bought a 22.25% stake, has set up Aramex Express, which will offer deliveries between businesses and consumers, and Aramex Logistics, in charge of business-to-business operations, it said in a statement.

It has appointed Mohammad Alkhas as chief operating officer (COO) for Aramex Logistics and Alaa Saoudi as COO for Aramex Express.

“The global transportation and logistics industry is undergoing a fundamental shift, driven predominantly by the boom in…

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