Completion of a direct transaction worth 1.4 billion dirhams on “Aramex” shares.

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Today, Wednesday, the Dubai Financial Market completed a direct transaction on Aramex shares of about 295 million shares at a price of 4.77 dirhams per share, with a total value of about 1407.2 million dirhams.

Through this transaction, GEOPOST SA acquired 20.15% of Aramex.

It should be noted that the “Dubai Financial Market” launched the “Direct Large Deals” service in May 2016, to facilitate the completion of transactions of this type on the shares of listed companies without being restricted to the range of price limits in force in the market (15% up and 10% down).

The market set a condition that the price set for executing the transaction does not exceed or fall by 25% from the closing price of the share on the day prior to its conclusion, and it does not affect the closing price of the company’s share in question, the general index, nor the highest and lowest price executed during the session or during the last 52 weeks.

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