Dubai-based logistics giant Aramex has appointed Nicolas Sibuet as Acting CEO, following the resignation of Othman AlJeda for personal reasons. Sibuet has served as the company’s Chief Financial Officer since January 2022.
The leadership change comes on the heels of a major strategic shift for Aramex, after Abu Dhabi’s Q Logistics, a subsidiary of state-owned ADQ, acquired a majority stake in the company. Market analysts have hailed the deal as creating a new “UAE-based logistics champion,” strengthening the nation’s presence in global supply chains.
Capt. Mohamed Juma Alshamsi, Chairman of Aramex, praised AlJeda’s decades-long contribution:
“Speaking on behalf of the Board, I would like to thank Othman for his extraordinary commitment to Aramex over 31 years of service. His leadership, dedication, and unwavering belief in the potential of this company have been instrumental in shaping Aramex into the global logistics player it is today.”
AlJeda is credited with steering Aramex through a transformative phase of financial and operational restructuring, assembling a top-tier management team and delivering strong results in recent quarters.
In a farewell statement, AlJeda reflected on his long journey with the company:
“From my earliest days on the ground, to the many challenges and milestones we have faced together, I have grown alongside Aramex — not only as a professional, but as a person. I have full confidence in Aramex’s future.”
The change in leadership follows Q Logistics’ acquisition offer, which surfaced in January and has since proceeded smoothly. Another major shareholder in Aramex is AD Ports Group, also under ADQ.
As Aramex enters a new chapter under its majority ownership by Q Logistics, Sibuet is expected to guide the company through its next phase of growth, integration, and regional expansion.
