Aamal Company Announces it’s 10 for 1 Stock Split At the End of the Trading Session on 24th June 2019
Aamal Company Announces it’s 10 for 1 Stock Split
At the End of the Trading Session on 24th June 2019
Doha, Qatar – June 24, 2019: Aamal Company Q.P.S.C. (Aamal), one of the region’s fastest growing diversified companies, announces the 10 to 1 stock split will take effect today, June 24th 2019 after the close of the trading session. The Company announced in February 2019 the plan to implement a 10 for 1 stock split in compliance with the stock split directive issued by the Qatar Financial Market Authority (QFMA) to all Qatar Stock Exchange (QSE) listed companies.
The stock split will split each share with a nominal value of QAR 10.0 into 10 shares each with a nominal value of QAR 1.0, thereby increasing Aamal’s total number of shares from 630,000,000 to 6,300,000,000 shares and leaving the total value of Aamal’s paid-up capital unchanged at QAR 6.3 billion.
Once Aamal’s shares begin trading on a split-adjusted basis the number of shares owned by each shareholder will be adjusted automatically by multiplying the current holding of each shareholder by 10. Aamal shareholders do not need to take any action because of the stock split, which will not affect the Company’s market capitalization or the proportionate ownership of existing shareholders.
For Further enquiries
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Aamal Company |
+ 974 4422 3888 |
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Zaid Shelleh, Investor Relations & Compliance Manager (fixed # +974 4422 3888 Ext. 1533) |
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About Aamal Company Q.P.S.C.
Aamal is one of the Gulf region’s fastest growing diversified conglomerates and has been listed on the Qatar Stock Exchange since December 2007.Aamal’s paid up capital is QAR 6.3bn (US $1.7bn). As at 20 June 2019, the Company had a market capitalization of QAR 5.06 bn (US$ 1.4 bn).
Aamal’s operations are widely diversified and comprise 26 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. Aamal is focused on self-financed and profitable growth, delivering an average increase in underlying profits in excess of 12.4% (ie. before fair value gains on investment properties) over the eleven years to end-2017.
For further information on Aamal Company, please refer to the corporate website: http://www.aamal.com.qa
