Aamal Company

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Diversified growth strategy delivers strong growth in both revenues and underlying profits across all four divisions
	Aamal has announced the Financial Results for the half year ended 30 June 2010 reporting another excellent set of results, with a 60.3% increase in revenue and a 7.3% growth in net profit before fair value gains on investment properties. The first half of 2010 has been a busy time with the official openings of Doha Cables, Aamal Cement Industries and ECCO Gulf earlier in the year where each of these ventures has met or exceeded the Company original expectations. This is in line with Aamal prudent strategy of focusing on the diversification of operations. Sheikh Faisal Also commented: “I am particularly pleased to announce the acquisition of 49% of El Sewedy Cables Qatar through our subsidiary Senyar Industries, a joint partnership with El Sewedy Electric. El Sewedy Cables Qatar is a trader of electro-mechanical equipment and will naturally complement our strong market position in cables production through Doha Cables Qatar leading to a positive and material contribution to Aamal’s results.. “We will continue to focus on attracting first class partnerships to enhance and grow our operations and to assist the State of Qatar in achieving its vision of becoming an advanced and self-sustainable economy. As such, for the second half of the year, we are looking forward to announcing additional developments that we hope will provide positive contributions to our group in years to come whilst maintaining a clear focus on returns on capital and capital discipline coupled with prudent financial management of the cost base.