Aramex to appeal after losing $40 million lawsuit

Aramex is a Dubai-based logistics company.

PHOTO BY ARCHIVE

Aramex to appeal after losing $40 million lawsuit

DUBAI – Logistics company Aramex said on Monday (February 22) that it will file an appeal after losing a $40 million lawsuit filed by a customer in Morocco.

The customer sued the Dubai-based logistics company to seek compensation for “loss of goods and moral damages” following a fire at its warehouse facilities in Casablanca last September. The fire happened at a warehouse run by its subsidiary there.

In a report to Dubai Financial Market, Aramex said the court of first instance in Morocco ruled in favor of the customer.

In a statement, Aramex said: “The said judgement can be appealed. Aramex intends to appeal this ruling before the competent court, and also reserves the right to explore and evaluate all available legitimate options to deal with all developments related to this lawsuit.”

Aramex had reported a 42.7 percent fall in net profits for 2020 amid the ongoing coronavirus pandemic. ICA/Expat Media

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