Results of the Annual Extra-Ordinary and Ordinary General Assembly Meeting

Aamal Company Q.P.S.C. (“Aamal”)

Results of the Annual Extra-Ordinary and Ordinary General Assembly Meeting

The Assembly approved to distribute 5% dividend to shareholders

Solid 2025 results underpinned by focused strategic execution

and enhanced future readiness

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21 April 2026, Doha – Qatar: “Aamal Company Q.P.S.C.” (Aamal), one of the region’s most diversified companies, held its Annual Ordinary and Extra-Ordinary General Assembly Meeting, after the quorum was achieved on Wednesday, 21 April 2026 at Marriott Marquis City Center Doha Hotel at Al Areen Ballroom.

Prior to the start of the meeting, the Chairman of Aamal Company, H.E. Sheikh Faisal bin Qassim Al Thani, welcomed the attendees with a few opening remarks:

“ In the name of Allah, the Most Gracious, the Most Merciful.
Distinguished guests,

Before proceeding with the meeting agenda, I am pleased to welcome you to the Ordinary and Extraordinary General Assembly Meeting of Aamal Company.

In reviewing the Company’s results for 2025, we are pleased to note that, thanks to God, the Company has achieved positive results. This is attributed to its diversification strategy, its ability to capitalize on available opportunities, the efficiency of its management team, as well as the positive investment environment and strong economy in which we operate.

It is no secret that the region, including the State of Qatar, has recently faced a number of challenges.

Nevertheless, we have full confidence in the State’s ability to overcome these challenges under the wise leadership of His Highness Sheikh Tamim bin Hamad Al Thani, the Amir of the State of Qatar, may God protect him, and his continued commitment to maintaining security and stability and providing a safe and attractive investment environment.

In conclusion, I would like to extend my sincere thanks to our shareholders for their continued trust, as well as to the Board of Directors, the executive management, and all our employees for their dedicated efforts. We look forward to achieving further successes in 2026, God willing.”

Faisal bin Qassim

Chairman

Following the welcome note, the Assembly proceeded to discuss the items on the agenda of the Extra Ordinary General Assembly meeting as follows:

To discuss and approve the amendments proposed on the Articles of Association of Aamal Company Q.P.S.C. in accordance with the provisions of the new Corporate Governance Law number (5) 2025 and the Commercial Companies Law.

The Assembly approved the amendments proposed on the Articles of Association of Aamal Company Q.P.S.C. in accordance with the provisions of the new Corporate Governance Law number (5) for 2025 and the Commercial Companies Law.

In the event that the General Assembly approves Item No. (1) as set out above, to authorize the Chairman of the Board, Sheikh Faisal Qassim Al Thani, to sign the new Articles of Association for the purposes of authenticating them by the relevant authorities, and to approve the Chairman to authorize Company staff to undertake the necessary steps to complete the authentication and registration of the new Articles of Association with the relevant authorities.

The Assembly approved the proposal to authorize the Chairman of the Board, Sheikh Faisal Qassim Al Thani, to sign the new Articles of Association for the purposes of authenticating them by the relevant authorities, and to approve the Chairman to authorize Company staff to undertake the necessary steps to complete the authentication and registration of the new Articles of Association with the relevant authorities.

Accordingly, the Extraordinary General Assembly meeting was concluded.

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The Assembly then proceeded to discuss the items on the agenda of the Ordinary General Assembly meeting as follows:

To hear and approve the Chairman’s report on the Company’s activities and the financial position for the financial year ended 31 December 2025 and to hear the Company’s future business plan.

The full report presented by the Deputy CEO of Aamal Company, Sheikh Tamim bin Faisal Al Thani

“Esteemed Shareholders,

It is my privilege, on behalf of the Board of Directors, to present Aamal Company’s Annual Report for 2025.

I am pleased to report that 2025 was a strong and purposeful year for Aamal, marked by operational agility, resilient performance, and the focused execution of our long-term strategy. Against a complex and rapidly evolving market backdrop and an uncertain global environment, Aamal nonetheless delivered 2.5% growth in both attributable net profit and earnings per share. This is a testament to the sustained strength of the Company’s diversified business model and the disciplined approach adopted across our four core sectors; Property, Trading & Distribution, Industrial Manufacturing, and Managed Services.

In keeping with prior years Aamal’s Property segment again delivered a significant contribution in 2025. High occupancy levels were sustained across the segment’s commercial and residential assets, underscoring the quality and sustained tenant appeal of our portfolio. Building on this, the acquisition of Aamal Tower represented a great strategic enhancement for the property segment, while City Center continued to strengthen its market position following a recent expansion enabling a refreshed tenant mix and elevating the customer experience. These initiatives reinforce our focus on owning and operating high-quality, income-generating assets that deliver long-term value.

Across Trading & Distribution and Industrial Manufacturing, our subsidiaries expanded strategic partnerships, improved operational efficiencies, and captured growth opportunities. This activity was particularly strong within the energy, infrastructure, and export markets where an announced joint venture with Mohammed Al Barwani Oil Services, and the signing of an MoU with Niedax Group, were notable positive developments. The segment’s businesses continued to benefit from disciplined cost management, targeted capital deployment, and an emphasis on innovation and operational excellence. In Managed Services, steady performance was delivered through new contract wins, improved service delivery, and enhanced operational processes.

These results are a reflection of the persistent positive dynamics resulting from Qatar’s continued economic momentum and its diversification agenda. These national priorities continue to create meaningful opportunities for Aamal’s diverse operations and reinforce our confidence in the country’s long-term economic prospects.

On behalf of the Board, I extend our sincere gratitude to His Highness The Amir Sheikh Tamim bin Hamad Al Thani for his wise leadership and vision, which continue to guide Qatar’s development and stability. I would also like to thank our shareholders for their continued trust, our customers and partners for their confidence, and our management and employees for their dedication and commitment.

In recognition of the Company’s performance and its ongoing commitment to shareholder value, the Board will recommend a cash dividend distribution of 5%, subject to shareholder approval at the Annual General Meeting proposed taking place on 21 April 2026. We remain confident in Aamal’s ability to build on its solid foundations and deliver sustainable value in the years ahead.”

Faisal bin Qassim Al Thani , Chairman, Aamal Company.

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The General Assembly approved the Chairman’s report on the Company’s activities and the financial position for the financial year ended 31 December 2025, and the Company’s future business plan.

To hear and approve the External Auditor’s report on the Company’s Consolidated Financial Statements for the financial year ended 31 December 2025.

The General Assembly approved the External Auditor’s report on the Company’s Consolidated Financial Statements for the financial year ended 31 December 2025.

To discuss and approve the Company’s Consolidated financial statements for the financial year ended 31 December 2025.

The General Assembly approved the Company’s Consolidated financial statements for the financial year ended 31 December 2025.

Financial Highlights

Net Profit attributable to Aamal equity holders up 2.5% to QAR 443.3m (2024: QAR 432.5m)
Total Revenue down 5.0% to QAR 1,995.6m (2024: QAR 2,100.8m)
Gross Profit flat with a 0.1% change year on year to QAR 514.7m (2024: QAR 515.4m)
Reported earnings per share increased 2.5% to QAR 0.070 (2024: QAR 0.069)
Net capital expenditure increased to QAR 518.1m (2024: QAR 39.5m)
Gearing increased to 7.41% (2024: 2.52%)

To discuss and approve the proposal of the Board of Directors to distribute dividends to current shareholders amounting to 5% of the nominal value of each share of the Company that they own (i.e., QR 0.05 per share).

The General Assembly approved the proposal of the Board of Directors to distribute dividends to current shareholders amounting to 5% of the nominal value of each share of the Company that they own (i.e., QR 0.05 per share) in accordance with the QFMA’s provisions for dividend distribution.

To discuss and approve the Company’s Corporate Governance Report for the year ended 31 December 2025.

The General Assembly approved the Company’s Corporate Governance Report for the year ended 31 December 2025.

To discuss and approve the Company’s Internal Control over Financial Reporting (ICOFR) Report for the year ended 31 December 2025.

The General Assembly approved the Company’s Internal Controls over Financial Reporting (ICOFR) Report for the year ended 31 December 2025

To discharge Members of the Board of Directors from their liability for the year ended 31 December 2025 and to approve their remuneration .

The General Assembly approved discharging Members of the Board of Directors from their liability for the year ended 31 December 2025, and approved their remuneration.

To vote on the candidates for the two opened Independent Directorship seats on the Board of Aamal.

The shareholders elected two independent members from among the candidates for the Board of Directors for the remaining two years of the current term (2026 and 2027), namely:

H.E. Sheik Ali Abed Al Rahman Al Thani
Mr. Ibrahim Abdulla Al Derbasti

To appoint the External Auditor for the Financial Year of 2026 and fix their fees.

The General Assembly approved appointing KPMG as the Company’s External Auditor for the Financial Year of 2026 and set their fees.

-Ends-

Further Inquiries:

Aamal Company

+ 974 4422 3870

[email protected]

Notes to the editors:

About Aamal Company Q.P.S.C.

Aamal is one of the region’s most diversified companies and has been listed on the Qatar Stock Exchange since December 2007. As at 20 April 2026, the Company had a market capitalisation of QAR 5.4 bn (US$ 1.5 bn).

Aamal’s operations are widely diversified and comprise 32 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.

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

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