Aamal Company to join the FTSE Secondary Emerging Market Index
Doha, Qatar – Aamal Company Q.S.C., one of the GCC’s fastest growing diversified companies, is pleased to announce that it has been confirmed as one of the 22 Qatar Stock Exchange (“QSE”) listed stocks to join the FTSE Secondary Emerging Markets Index, following the promotion of Qatar from Frontier to Secondary Emerging Market status within the FTSE Global Equity Index Series. MSCI and Standard & Poor’s-Dow Jones have already upgraded the QSE to emerging market status.
Along with the other eligible QSE-listed stocks, Aamal will join the FTSE Secondary Emerging Markets Index in two initial stages. This is in order to mitigate potential liquidity demands. The first stage will take place at market open on Tuesday 20 September 2016, whereupon all eligible Qatari equities will be added to the Index at an initial 50% weighting, with the remaining 50% to be added in March 2017.
To be eligible for inclusion in the FTSE Secondary Emerging Market Index is a function of a company’s market capitalisation, liquidity, free float and foreign ownership restrictions.
H.E. Sheikh Faisal Bin Qassim Al Thani, Chairman of Aamal Company QSC, commented:
“I am delighted that Aamal Company will be amongst the first wave of Qatari companies to be joining the FTSE Secondary Emerging Markets Index. We welcome Aamal’s constituency of this index and the greater exposure it will bring to our story amongst international investors. We value active investor dialogue and engagement highly at Aamal, and we look forward to developing and refining our communications further as the Company continues to grow and diversify.”
Further enquiries
Aamal Company
+ 974 4435 0666
Arwa Goussous, Corporate Communications Manager
(mobile # +974 5513 9539) [email protected]
Citigate Dewe Rogerson
Nick Cox-Johnson
(mobile # +44 (0)7957 596 729)
[email protected]
Andrew Hey
(mobile # +44 (0)7903 028 448)
[email protected]
Ramiz Al-Turk
(mobile # +974 5014 9201) [email protected]
About Aamal Company QSC
Aamal Company is one of the GCC’s fastest growing diversified companies, offering investors a high quality and balanced exposure to Qatar’s economic growth and development. Aamal’s operations comprise 25 business units with market leading positions in the key industrial, retail, property, managed services and medical equipment and pharmaceutical sectors.
Aamal has a market capitalisation at 31 August 2016 of QAR 9.6 bn (US$ 2.6 bn), delivering a compound annual growth rate in net profit before fair value gains on investment properties in excess of 20% from 2006-2015 and generating revenues of QAR 2.9 bn (US$ 791.4 m) in 2015.
Aamal is one of the largest diversified companies quoted on the Qatar Stock Exchange (“QSE”), having been listed since December 2007, and is a constituent member of the QE Index which is a measure of the 20 largest and most liquid stocks listed on the exchange.
For further information on Aamal Company, please refer to the corporate website: http://www.aamal.com.qa
