Aamal Appoints Liquidity Provider
Doha, Qatar – 21 February 2018 – Aamal Company Q.P.S.C. (“Aamal”), one of the GCC’s fastest growing diversified companies, announced today an agreement with The Group Securities Co. (“The Group”), a member of the Qatar Stock Exchange authorised to provide specialist liquidity services in accordance with the Qatar Financial Markets Authority (QFMA) approved liquidity provision scheme. Through the obligation to provide constant bid and offer prices, the intention is to improve the liquidity of Aamal shares listed on the Qatar Stock Exchange by facilitating increased market depth and trading volumes. The service is scheduled to start on 25 February 2018.
H.E. Sheikh Mohamed Bin Faisal Al Thani, Vice-Chairman and Managing Director of Aamal, commented:
“I am delighted to announce the appointment of The Group as liquidity provider for our listed shares. Improved liquidity of those Aamal shares traded on the Qatar Stock Exchange should lead to a reduction in share price volatility and more efficient price discovery, thereby increasing the attractiveness of the Company’s equity further. This initiative is in line with Aamal’s commitment to ensuring the highest standards for all its stakeholders, including its minority investors.”
Further inquiries
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Aamal Company
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+ 974 4422 3888 |
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Arwa Hamdieh, Investor Relations and Compliance Manager (fixed # +974 4422 3888 Ext. 2285)
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Citigate Dewe Rogerson |
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Nick Cox-Johnson (mobile # +44 7957 596 729) |
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Toby Moore (mobile # +44 7768 981 7630) Andrew Hey (mobile # +44 7903 028 448)
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Ramiz Al-Turk (Arabic media) (mobile # +974 5014 9201) |
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About Aamal Company Q.P.S.C.
Aamal is one of the GCC’s fastest growing diversified conglomerates and has been listed on the Qatar Stock Exchange since December 2007. As at 20 February 2018, the Company had a market capitalization of QAR 5.6bn (US$ 1.5bn).
Focused on self-financed and profitable growth, Aamal’s operations are widely diversified and comprise 24 active business units with market leading positions in the key industrial, retail, property, managed services, and medical equipment and pharmaceutical sectors, thereby offering investors a high quality and balanced exposure to Qatar’s wider economic growth and development. Over the ten years to end-2016, the Company has delivered a compound annual growth rate in trading net profit (ie. before fair value gains on investment properties) of almost 19% a year, with minimal financial leverage.
For further information on Aamal Company, please refer to the corporate website: http://www.aamal.com.qa
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