The delivery and freight forwarding company's shares are anticipated to be floated between $7 and $8 on NASDAQ, Bloomberg business news service said.

The offering, which includes one million shares, is for expansion, working capital and other corporate purposes, according to the prospectus.

Aramex's main hubs are in Dubai, London, New York and Amman servicing the Middle East and Indian sub-continent.

The company is also majority owner in Middle East Direct Marketing, a direct marketing and mail order business.

Geographically, the company is looking to expand its presences in the Middle East and Indian sub continent as well as Africa and certain former Soviet central Asian republics.

The company generated revenues of $43.6 million and $35.9 million with corresponding net incomes of $1.5 million and $1.4 million for the year ended December 31, 1995 and nine months ended September 30, 1996 respectively.

Principal offices are in Amman, Jordan. The company has operated in the Middle east since 1982.

Aramex's registered office in Bermuda is at the law firm of Conyers, Dill & Pearman.