Meed magazine survey

Aamal Company Q.S.C, third among the Middle East conglomerates also ranked number 32 among the top 100 companies according to a study published by MEED’s magazine dated 7th of March 2008. The company rank in conglomerates followed Industries Qatar (State of Qatar) & Kingdom Holding Company (Kingdom of Saudi Arabia).

The study that was conducted by MEED magazine highlighted the top 100 companies in the Middle East according to market capitalization. Aamal Company Q.S.C market capitalization value at the time of the study was QR 34.120 billion equivalent to ($9.388 billion). The study has also indicated the substantial growth of Aamal Company stock since its listing at DSM.

MEED’s analysis of the Middle East’s top 100 publicly quoted companies by capitalization shows that the 18-month-long correction in the Gulf’s capital markets, which began in February 2006, has created some good opportunities for investors.

Aamal Company Q.S.C has recently announced its audited financial results for the year 2007 showing an outstanding performance reflected in the increase in net profit by 93% to reach QR825 million and an increase in total equity by 93% to reach QR 2,39 revealing the strong financial position of the company. It is also important to indicate that all of Aamal Company branches have a pioneering position in the market; also Aamal Company is planning to develop several in projects with special focus on the Industrial Sector.