Alabbar, investors buy stake in Aramex

Dubai-Mubasher: Emaar Properties chairman Mohamed Alabbar and other gulf investors bought 9.9% stake in Aramex from its chairman Fadi Ghandour. 

“The purchase was made through Alabbar Enterprises at above the market price,” according to Bloomberg.

Goldman Sachs Group Inc. advised Mohamed Alabbar on the transaction, two people with knowledge of the deal noted.

Mubasher Contribution Time: 27-Jul-2016 06:05 (GMT)
Mubasher Last Update Time: 27-Jul-2016 06:05 (GMT)