Aamal signs joint venture agreement with German Vivantes International Medicine to strengthen Qatari healthcare service

Berlin, Germany – 17 April 2013 – Aamal Company Q.S.C. ("Aamal"), one of the GCC's fastest growing diversified conglomerates, is pleased to announce that it has signed an agreement to create a joint venture with Vivantes International Medicine ("Vivantes"), the biggest hospital group in Germany, to build an outpatient medical centre in Doha.

The contract was signed yesterday at the successful Qatar Berlin Forum by H.E. Sheikh Faisal bin Qassim Al Thani, Chairman of Aamal Company, and Dr Nizar Maarouf, Vice Director of Vivantes International Medicine, in the presence of the Prime Minister and Minister of Foreign Affairs of Qatar, H.E. Sheikh Hamad bin Jassim bin Jaber Al Thani and the Mayor of Berlin, Mr. Klaus Wowereit.

The outpatient centre, which will be managed by Vivantes, will offer a clinic with leading doctors in different fields, a diagnosis centre using the most up to date telemedicine technology and visiting professors from Germany to consult with patients in Qatar. In addition, through Al Faisal without Borders Foundation, Aamal will work with Vivantes to open a nursing school in several poor countries.

Vivantes is Germany's largest state-owned healthcare group offering its services to almost 500,000 patients yearly. It also offers international healthcare consulting and management services and is involved in numerous large-scale projects all over the world. In Germany, it has nine hospitals including nursing schools, education centres and the biggest academy for health care management.

His Excellency Sheikh Faisal bin Qassim Al Thani, Chairman of Aamal Company said:

"This is a very significant joint venture for us and I am delighted to partner with Vivantes, one of the best medical care providers in Berlin and around the world. This centre will contribute to Qatar's policy of providing high quality, strong health services in country. This contract is another successful agreement between the Government of Berlin and Aamal Company, consolidating the business relation between us. I look forward us working together in the future."

Dr Nizar Maarouf, Vice Director of Vivantes International Medicine said: "Vivantes Group is proud of this partnership with Aamal Company. Aamal is the partner of choice for its impressive track record in attracting foreign investments to Qatar. Al Faisal Holding, a major shareholder in Aamal, is considered one of biggest Qatari investors in Berlin, where Vivantes is headquartered. With this investment, the Government of Berlin is looking forward to further cooperation between both countries."

Dr Maarouf visited Qatar last February and met with His Highness the Emir of Qatar and Her Highness the Sheikha Moza. At the meeting, Vivantes expressed great interest in contributing to the development of Qatar's health care sector.

Also last February, Al Rayyan Tourism and Investment ("ARTIC"), the international hospitality subsidiary of Al Faisal Holding Company, signed two hotel purchase agreements in Berlin, Germany. The signing ceremony took place in Qatar in the presence of the Mayor of Berlin, Mr. Klaus Wowereit.

 ENDS

About Aamal

Aamal Company is one of the GCC's fastest growing diversified conglomerates, delivering a compound annual growth rate in net profit before fair value gains on investment properties in excess of 15% from 2006-2012 and generating revenues of QAR 2,284m (US $627m) in 2012. Focused on sustained, profitable growth and strongly diversified for balanced exposure across Qatar's rapidly growing economy, Aamal's operations comprise 21 business units with market leading positions in the key industrial, retail, property, managed services and medical equipment and pharmaceutical sectors. Aamal is one of the largest diversified companies quoted on the Qatar Exchange, having been listed since December 2007.

For further information on Aamal Company, please refer to the corporate website: http://www.aamal.com.qa

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