"Aamal" offers its shares for trading on the Doha securities market
Doha, Qatar – 5 December 2007, Aamal announced today its shares enlisting for trading on the Doha Securities Market. "Aamal has established its success with sure steps and reached the top due to its expertise in various sectors".
"Aamal", a Qatari Shareholding Company (Q.S.C) is one of the largest private sector companies in Qatar. The Company is well established with a profitable track record and the Company branches have leading positions in the sectors in which they operate.
"Aamal" is formed by several of the profit making branches under its umbrella which were part of Al-Faisal Holding Company. Aamal paid up capital of QR. 3.45 billion, return on capital 14.25% and return on equity 12.33%.
The Company seeks to expand the base of its shareholders to benefit from opportunities available in the Qatari economy which is growing in rapid strides. "Aamal" is one of the most stable and versified companies, in terms of the nature of its activities and operations, where diversity in income resources is considered a basic factor for reducing risks and guarantees a sort of safety for the investor as well as realizing greater returns due to the expected price hikes of shares after trading the shares on the Doha Securities Market as a result of the good financial performance of the company, the most remarkable aspect of which, is the real estate sector which consists 80% of "Aamal" activities.
"Aamal" company is a company based in Qatar organized into a head office, the parent company and ten branches that operate in various fields started with trade and service and prospered in real estate. It seeks to build a solid base in the industrial sector through establishing industrial projects to boost the development objectives and supporting the national economy.
"Aamal" comprises four different sectors: Property, trading service, hospitality and leisure and industries.
Property
This sector, which enjoys a special reputation, including City Center- Doha the largest shopping mall in Qatar had played a great role in commercial development. Further, the Hotel towers constructed east and west of the City Center will enhance its commercial role. Aamal Real Estate owns Al-Najma market (El-Haraj) which is considered one of the biggest markets in Qatar comprises 323 shops and showrooms, in an area not less than 60,000 square meters as well as commercial and residential properties which the branch invests to benefit from the growth of the commercial properties market in Qatar. Further, the company works through big plans to meet the increasing growth in the company activities and making good use of the huge leap which the real estate sector witnessing and to meet the developing needs of investors as well as to keep up with future innovations.
Trading Services
This sector comprises Aamal Ready-mix, which work with huge production capacity to keep up with the current boom which is being witnessed by the constructions field. the company' leading position qualifies it to meet the increasing demand on concrete, which helps the growth of the branch in the future and enables it to expand its activities on a large scale. Aamal Trading & Distribution is a pioneer in supply of tires and oils through its reputation and experience in this field. The branch has a promising future through its works in the health centers and medical equipments. Ebn Sina Medicinal is considered the largest supplier of pharmaceutical products in the Qatari market. The activities of the branch are expected to increase due to increasing demand on medicinal products, expansion in medicinal services and building new hospitals.
Hospitality and Leisure
Aamal Travel & Tourism offers the best services in relation to travel and tourism. Aamal Services provide industrial and business cleaning services.
Industry
The industrial sector is the most important aspect of "Aamal" Company because it serves the development objectives and enhances the economic development. As such the company had established and invested in three companies affiliated to it. These are: Aamal Cement Industries W.L.L., IMO Qatar Company W.L.L, and Senyar Industries Qatar Holding W.L.L. These new industrial projects represent added value for the national economy and they are made in partnerships with international companies in order to establish a huge industrial base.
It is worth noting that Aamal develops always through a clear strategy with diversified revenues and continuous search for new investment opportunities and developing products and services as well as through efficiency in general. Aamal has achieved a remarkable and continuous success depleted in being in the lead always, in all fields in which it operates. The reason for that is using the best practice standards, systems and processes through investing in world class business resources and staff, in order to seek continuity in success and development. Aamal is commuted to the principle of distinction in each of its through transparency, respect, integrity and willingness to deliver beyond what is expected which goes to the interest of its investors , employees and potential partners and finally in the interest of the whole Qatari Economy.