“Aamal” Commences Strategic Negotiations with its Partner, Teleperformance, Regarding its Shares in ECCO Gulf

“Aamal” Commences Strategic Negotiations with its Partner, Teleperformance, Regarding its Shares in ECCO Gulf

24 November, 2024, Doha, Qatar: Aamal Company Q.P.S.C., one of the region’s leading diversified companies, is commencing strategic negotiations with its partner, Teleperformance, regarding their joint venture, ECCO Gulf. These discussions aim to explore the potential acquisition of Teleperformance's 49% share or the sale of Aamal's 51% stake to Teleperformance.

This initiative aligns with Aamal’s commitment to optimizing its business portfolio and delivering long-term value to its shareholders. The Company remains focused on achieving outcomes that best serve its strategic goals and stakeholders.

Further updates will be shared as the discussions progress.

 

 - Ends –

 

 About Aamal Company Q.P.S.C.

Aamal is one of the region’s most diversified companies and has been listed on the Qatar Stock Exchange since December 2007. As at 24 November 2024, the Company had a market capitalisation of QAR 5.42 bn (US$ 1.49 bn).

Aamal’s operations are widely diversified and comprise 32 active business units (subsidiaries and joint ventures) 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.

For further information on Aamal Company, please refer to the corporate website: http://www.aamal.qa

0