Fire damages Dubai-listed Aramex's Moroccan warehouse

Financial impact of incident still being assessed

  
An employee walks at the distribution warehouse unit at the Aramex Emirates head offices in Jebel Ali April 10, 2012.

An employee walks at the distribution warehouse unit at the Aramex Emirates head offices in Jebel Ali April 10, 2012.

REUTERS/Jumana El Heloueh

Dubai-listed Aramex has confirmed that a portion of one of its warehouse facilities overseas has recently been damaged by fire.

According to the logistics provider’s filing on the Dubai Financial Market (DFM),  the incident happened at its facility in Casablanca, Morocco on Tuesday, September 22.

No one was injured during the fire, although an investigation has been launched to determine the cause, it said.

The total financial loss as a result of the damage is also still being determined, and any financial impact will be reflected in the company’s third quarter financial reports, the firm said.

It also confirmed that it will continue to provide its services to customers, as usual.

Aramex operates more than 300 offices, as well as employs more than 12,000 staff, in over 60 countries worldwide.

The courier became the first Arab-based international company to list on the NASDAQ stock exchange in January 1997. By June 2005, it went public on the DFM.

(Writing by Cleofe Maceda; editing by Seban Scaria)

Cleofe.maceda@refinitiv.com

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