Aramex PJSC, the Middle East’s biggest courier company, is seeking to expand its business around the world and is not in talks with any potential buyer, Chief Executive Officer Fadi Ghandour said.

“We are growing. We are expanding. We are going global and we are not positioning the company to be acquired,” Ghandour said in a telephone interview today. “We are not in talks with anyone,” he said in reference to a media report that linked a rise in the company’s share price to talks between the company and potential buyers.

The U.A.E.-based courier has a presence in Europe, India, Singapore, Hong Kong, Europe, and competes with international logistics and courier companies such as Atlanta-based United Parcel Service Inc. and Memphis, Tennessee-based FedEx Corp. The company’s stock price is up 56.3 percent since the beginning of the year. “The stock was totally undervalued,” Ghandour said.

“We are not interested in any way, shape or form in anybody acquiring us,” Ghandour said. Aramex is “constantly delivering results in an amazing manner during the worst years of the financial crisis; that’s why it went up not because of speculation about an acquisition.”

The company’s second-quarter profit increased 10 percent as freight services grew in Europe and India. Net income rose to 55 million dirhams ($15 million) from 50 million dirhams in the year-earlier period.

Aramex, founded by Ghandour in 1982, became the first Arab- based company to trade on the Nasdaq Stock Market in 1997. It was later taken private by Abraaj Capital Ltd., and then went public again in 2005, with its shares trading on the Dubai Financial Market.