Aramex’s board approves to acquire 9.7% of Jamalon

Dubai-Mubasher: Dubai-listed Aramex’s board approved the proposal to acquire 9.7% stake in Jamalon Inc. through an in-kind investments in the form of shipping and delivery services, according to a bourse filing on Wednesday.

During the meeting on Tuesday, the board renewed Aramex’s commercial general liability insurance policy from Emirates Insurance Company for additional one year at a premium of $110,000.

Mubasher Contribution Time: 16-Dec-2015 06:07 (GMT)