Aramex pulls offshore debt into single UAE-based facility

Aramex brings its debt back home: Logistics firm Aramex refinanced AED 815 mn of debt, rolling its USD and GBP loans into a single UAE-domiciled facility backed by local and international banks. The facility is structured as sustainability-linked, integrating accountability directly into the company’s financing approach.

A UAE-domiciled facility means the debt now sits under UAE law — with a local borrowing entity and a single regulatory and repayment structure — replacing a mix of offshore USD and GBP loans and reducing both complexity and multi-jurisdiction exposure. By pulling offshore obligations into a single domestic facility, the logistics provider aligns its capital structure more closely with its operational core — a move that acting CFO Lubna Shebli framed as both a cost optimization and a balance sheet upgrade.

BACKGROUND- Aramex is refinancing from a position of stability, after it ended last year with a debt-to-EBITDA ratio of 3.2x — a level where financing matters.