Aamal Company and Masraf Al Rayyan commence negotiations for the sale of Masraf Al Rayyan’s shares in Ci San Trading

Aamal Company and Masraf Al Rayyan commence negotiations for the sale of Masraf Al Rayyan’s shares in Ci San Trading

Doha – 27 March 2024: Aamal Company Q.P.S.C., one of the region’s leading diversified companies, and Masraf Al Rayyan Q.P.S.C., a premier Islamic financial institution in Qatar, have announced their mutual intent for Masraf Al Rayyan to divest its shares in Ci San Trading, a joint venture between Aamal and Masraf Al Rayyan, subject to applicable regulatory approvals.

Established in 2008, Ci-San Trading is a 50:50 joint venture between Aamal Company and Masraf Al Rayan, with a paid-up capital of QAR 30.6 million. Ci-San Trading Company invests across various sectors and currently holds ownership in two subsidiaries: Gulf Rocks and Aamal Maritime Transportation Services.

Further disclosures will be made upon progress of the negotiations.

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

For further information on Masraf Al Rayan, please refer to corporate website: www.alrayan.com