Aamal Company Plan 10 for 1 Stock Split

Aamal Company Plan 10 for 1 Stock Split
 

Doha, Qatar – Aamal Company Q.P.S.C. (Aamal), one of the region’s fastest growing diversified companies, plans 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. Aamal shall undertake implementing the necessary legal amendments to its constitutional documents in accordance with the relevant rules and regulations governing listed companies to comply with the said directive. The date of the stock split will be announced in due course.

This market-wide initiative is to make trading in QSE-listed shares more accessible and attractive to retail investors, and to improve liquidity and trading volumes on the Qatar Stock Exchange.

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. 

Further enquiries

Aamal Company	+ 974 4422 3888
Arwa Hamdieh, Investor Relations & Compliance Manager (fixed # +974 4422 3888 Ext. 2285)	[email protected]

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 $1.7bn). As at 31 January 2019, the Company had a market capitalization of QAR 6bn (US$ 1.6bn).

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

Aamal Company Q.P.S.C. (Aamal), one of the region’s fastest growing diversified companies, plans 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. Aamal shall undertake implementing the necessary legal amendments to its constitutional documents in accordance with the relevant rules and regulations governing listed companies to comply with the said directive. The date of the stock split will be announced in due course.

This market-wide initiative is to make trading in QSE-listed shares more accessible and attractive to retail investors, and to improve liquidity and trading volumes on the Qatar Stock Exchange.

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.

Further enquiries

Aamal Company	+ 974 4422 3888
Arwa Hamdieh, Investor Relations & Compliance Manager (fixed # +974 4422 3888 Ext. 2285)	[email protected]

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 $1.7bn). As at 31 January 2019, the Company had a market capitalization of QAR 6bn (US$ 1.6bn).

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