Aramex appoints Arqaam Securities as liquidity provider

The latter will begin trading Aramex shares independently

Aramex recently announced that the Company had appointed Arqaam Securities, a leading regional financial institution regulated by the Securities and Commodities Authority (SCA) of the UAE, as Liquidity Provider for its shares listed on the Dubai Financial Market (DFM).

Under the terms of the one-year agreement, Arqaam Securities will begin trading Aramex shares independently, by entering two-way daily quotes into the market trading system within the defined parameters of the mandate, and in compliance with the regulations and controls set by Dubai Financial Market (DFM) and SCA, according to a press statement.

The decision to appoint a licensed liquidity provider as approved by the Board on December 8^th, 2023, aims to enhance market liquidity for market participants and to reduce the spread between the bid and ask prices.

“At Aramex, we are committed to exploring avenues that drive shareholder value, enabling greater flexibility and adaptability in navigating dynamic market conditions, while continuously striving for sustainable, long-term value creation for our shareholders,” commented Nicolas Sibuet, Chief Financial Officer, Aramex.

“With our extensive expertise and comprehensive understanding of the local market, we are confident that Arqaam Securities will provide a valuable contribution and facilitate efficient trading activity on the shares of Aramex in the DFM,” remarked Veselin Tilev, Head of Market Making, Arqaam Securities.