Aramex founder sells stake in Levant Logistics

31/07/2016 Argaam

Dubai-listed courier operator Aramex on Sunday said that its founder and vice-chairman Fadi Ghandour has sold all his shares in Levant Logistics Holdings to Boson Ventures Corporation, a company based in the Cayman Islands.

 

Levant Logistics owns 144,945,900 shares in Aramex representing 9.9 percent ownership, Aramex said in a statement to Dubai Financial Market.

 

Last week, Ghandour was reported to have sold his 9.9 percent stake in Aramex to GCC investors, including Emaar Properties chairman Mohamed Alabbar.

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