Updates on the Sale of Treasury Shares of Aamal Q.P.S.C. Owned by Gulf Rocks Company L.L.C.
Doha, Qatar – December 26, 2017: Aamal Company Q.P.S.C. announces that during the trading sessions that took place on December 3rd, 4th, 19th, 20th, and 21st 2017 – a sum of 64,475 shares were sold from the total 157,066 treasury shares of Aamal Q.P.S.C. owned by Gulf Rocks Company and approved for sale by Qatar Financial Markets Authority. Accordingly, Gulf Rocks Company – the legal owner of the shares – shall continue to sell the remaining balance of 85,936 shares approved for sale by QFMA in accordance with article (14) of the regulatory rules and procedures concerning listed companies buying and selling their shares.
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Further enquiries:
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Aamal Company |
+ 974 4422 3888 |
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Arwa Hamdieh, Investor Relations & Compliance Manager (fixed # +974 4422 3888 Ext. 2285) |
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Citigate Dewe Rogerson |
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Nick Cox-Johnson (mobile # +44 7957 596 729) |
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Toby Moore (mobile # +44 7768 981 7630) Andrew Hey (mobile # +44 7903 028 448) |
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Ramiz Al-Turk (Arabic media) (mobile # +974 5014 9201) |
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About Aamal Company Q.P.S.C.
Aamal is one of the GCC’s fastest growing diversified conglomerates and has been listed on the Qatar Stock Exchange since December 2007. As of December 20th, 2017, the Company had a market capitalization of QAR 5 bn (US$ 1.4 bn).
Focused on self-financed and profitable growth, Aamal’s operations are widely diversified and comprise 24 active business units 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. Over the ten years to end-2016, the Company has delivered a compound annual growth rate in trading net profit (i.e. before fair value gains on investment properties) of almost 19% a year, with minimal financial leverage.
For further information on Aamal Company, please refer to the corporate website: http://www.aamal.com.qa
