Dubai – Mubasher: Aramex on Sunday announced that its board of directors has approved the nomination and remuneration committee’s recommendations with regard to appointing Mohamed Alabbar as a board member.
Mohamed Alabbar “will fill the current board vacancy in accordance with the company’s articles of association,” the company added in a filling to the Dubai Financial Market (DFM).
Emaar Properties’ chairman Mohamed Alabbar owns investment companies, which acquired in July 2017 a collective share of 16.45% in Aramex for Logistic Services.
Alabbar is also the founder of the $1 billion e-commerce platform Noon, in which Saudi Arabia’s Public Investment Fund (PIF) has a 50% stake.
