The Dubai Financial Market witnessed the implementation of a large direct transaction on the shares of Aramex, worth 1.4 billion dirhams. The market indicated on its website that the deal was made on 295 million shares at a price of 4.77 dirhams per share. This price is 25% higher than the stock’s closing price in yesterday’s session.
According to the Dubai Financial Market statement, the deal took place through GeoPost SA’s acquisition of 20% of the shares of Aramex. Geopost is a holding group owned by France’s Le Group La Poste.