Aamal Joins the MSCI Qatar Small Cap Index
Aamal joins the MSCI Qatar Small Cap Index
Doha, Qatar - 29 May 2020 - Aamal Company Q.P.S.C. (Aamal), one of Qatar’s leading diversified companies, is pleased to announce that from the close of today, 29 May 2020, Aamal has been included in the MSCI Qatar Small Cap Index. This follows the publication earlier this month of the results of the MSCI Semi-Annual Index Review, including the MSCI Global Small Cap Indexes.
The MSCI is a leading provider of research-based indexes and analytics. Its indexes cover thousands of stocks worldwide and are often used as benchmarks by the global investment community to measure portfolio performances.
Imran Chughatai, Chief Financial Officer of Aamal, said:
“We welcome Aamal’s inclusion in such as a globally recognised set of indexes and the additional international profile which this will bring.”
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Notes to Editors
This announcement is not considered price-sensitive information. Referencing Articles (47), (50), and (58) of QFMA’s Rulebook on Offering and Listing of Securities and QFMA’s instructions on the disclosure of significant non-financial information that has impact on the share price of a listed company, this corporate development doesn’t fall under the scope of the rules and regulations concerning disclosing non-financial price-sensitive information.
About Aamal
Aamal is one of the Gulf region’s most diversified conglomerates and has been listed on the Qatar Stock Exchange since December 2007. As at 27 May 2020, the Company had a market capitalisation of QAR 4bn (US$ 1.1bn).
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 1.22% (i.e. before fair value gains on investment properties) over the thirteen years to end-2019.
For further information on Aamal Company, please refer to the corporate website: http://www.aamal.com.qa
Further Enquiries
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Arwa Goussous Corporate Communications Manager |
T: +974 4422 3888) |
