Aramex Founder: Why I Sold My Stake in the Company

The speaker discusses stepping down as CEO to focus on new ventures, including a VC fund in the Middle East. The conversation covers a recent deal, the growth of e-commerce, and the role of logistics. The speaker highlights the earnings potential of Aramex and outlines future investment plans. The discussion concludes with an optimistic view of the regional economy, particularly in Dubai and Saudi Arabia, despite geopolitical challenges.

What was the main reason for the speaker stepping down as CEO?

• To take a break from professional commitments

• To focus on building new businesses and investments

• To start a new career in a different industry

• To retire and focus on personal life

Why does the speaker believe Aramex is crucial for e-commerce in the region?

• It has the largest fleet of delivery vehicles

• It is the only logistics company in the region

• It offers the best prices for logistics services

• It provides the last mile infrastructure needed for e-commerce

What has been the core growth driver for Aramex according to the speaker?

• Traditional mail services

• E-commerce

• Retail partnerships

• International expansion

What is the speaker's plan for the additional liquidity from the $175 million deal?

• Invest in real estate

• Expand Aramex's operations

• Channel it into new technology investments

• Save it for future economic downturns

What is the speaker's outlook on the Middle East's economic potential?

• Negative, as the oil prices are declining

• Neutral, as the region is unpredictable

• Optimistic due to growth in technology and e-commerce

• Pessimistic due to political instability

Which sector does the speaker believe is at an early stage but growing in the Middle East?

• Manufacturing

• Agriculture

• Tourism

• Digital economy

According to the speaker, what is necessary for a company to thrive in the Middle East's economic environment?

• A large workforce

• Government support

• A robust and flexible organization

• A focus on oil and gas