QNB Financial Services initiates equity research coverage of Aamal Holding with Market Perform rating

QNB Financial Services initiates equity research coverage of Aamal Holding with Market Perform rating

Doha, Qatar - Aamal Company Q.P.S.C. (Aamal), one of Qatar’s leading diversified companies, welcomes the commencement of equity analyst research coverage of the Company by QNB Financial Services, with the publication on 1^st of April of its first research report rating Aamal’s shares as “Market Perform”.

Imran Chughatai, Chief Financial Officer of Aamal, said:

“Aamal is committed to the highest standards of financial disclosure and communication. We welcome the additional visibility and independent analysis of our performance that QNB’s research coverage 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 2^nd of April the Company had a market capitalisation of QAR 3.6bn (US$ 988.2mn).

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

Arwa Goussous Corporate Communications Manager

E: [email protected] T: +974 4422 3888)