ARAMEX FOUNDER CASHES IN
The founder of Middle East courier firm Aramex has sold his stake in a firm that owns nearly 10 per cent of the Dubai-based company. Aramex said in a stock exchange filing on Sunday that founder Fadi Ghandour has sold all of his stake in Levant Logistics Holdings, a Cayman Islands-based company that controls a 9.9 per cent stake in Aramex. The buyer was another Cayman Islands company, Boson Ventures Corporation. Aramex did not disclose when the sale happened or at what price. Based on the most recent Aramex closing price, the stake is worth Dhs579.8 million ($158 million).