Dubai’s Aramex splits business; announces key appointments

Dubai-listed logistics firm Aramex will split its core business in two, to stay ahead of competition in the changing industry, , the company announced on Tuesday.

The company has created Aramex Express to handle the business-to-consumer (B2C) operations,  and Aramex Logistics to serve the business-to-business (B2B) segment, the company said in a statement to Dubai Financial Market (DFM).

Key appointments have also been announced as a result of the restructuring. CEO Othman Aljeda said the company will be targeting “aggressive growth” in its logistic businesses.

“The global transportation and logistics industry is undergoing a fundamental shift, driven predominantly by the boom in e-commerce, supply chain disruptions, customers’ increasingly discerning expectations and the turbo speed of digitization,” said Aljeda

“For Aramex to stay ahead of the curve and remain a competitive, reliable and sustainably growing industry leader, we decided to focus on capturing growth opportunities by decoupling our core services.”