Monday, 09 November 2009 | 07:14 UAE time
COMPANIES
Aamal Company
- +31.00 Last
- +0.30 (+0.97%) Today's Change
- 44,060 Volume
- 25.00-46.50 52 Week Range
- -15.50 (-33.33%) 52 Week Change
COMPANY DESCRIPTION
Aamal Company was formed on January 13, 2001 as a private shareholding company in Qatar. It has interests in property, trading, leisure and construction. The business was launched on the Doha Securities Market with paid up capital of QAR3.45bn ($947.6m) in December 2007 – the figure has since increased to QAR3.79bn ($1.04bn).Like other companies on this list, the past 12 months have proved financially lucrative for Aamal during what many consider the worst economic downturn in recent memory. When announcing its 2008 financial results, the company revealed its revenues rose 21 percent to QAR651m ($178.8m), while operating profits increased by the same margin to QR153m ($42m).
“While Aamal Company became listed in Doha Securities Market at the end of 2007, it is in 2008 that the real journey has commenced; it was by all measures a thriving and challenging experience and we are keen to carry on our success through out the coming years,” said Aamal’s chairman and CEO, Sheikh Faisal bin Qassim Al-Thani.
He added that government initiatives to encourage investment in various sectors contributed to Aamal and other Qatari companies’ 2008 revenues.
KEY INFORMATION
Industry
Multi-line
Address
Al Faisal Tower, Al Bida Street, 22466, Doha, Qatar
T
974 4350666
F
974 4350777
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 13 January 2001 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Al Faisal Holding | companies | 24 | Qatar |
| Faisal Bin Qassim Al Thani and Family | individuals | Qatar |
PORTFOLIO
| Name | Country |
|---|---|
| Aamal Cement Industries | Qatar |
| Aamal Industries | Qatar |
| Aamal Medical | Qatar |
| Aamal Ready Mix | Qatar |
| Aamal Real Estate | Qatar |
| Aamal Services Group | Qatar |
| Aamal Trading and Distribution Company | Qatar |
| Aamal Travel | Qatar |
| City Center Doha | Qatar |
| Ebn Sina Medical Company | Qatar |
| Gettco Trading | Qatar |
| IMO Qatar Company | Qatar |
| Senyar Industries Qatar Holding | Qatar |
| C San Holding | Qatar |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Faisal Bin Qassim Al Thani | Chairman |
| Tarek Al Sayed | Vice Chairman |
| Mohammed Al Tahani | Board Member |
| Bader Al Fehani | Board Member |
| Mohammed Shafik | Board Member |
| Iman Ghassoub | Board Member |
| MANAGEMENT | Position |
| Michael A. Collis | Chief Executive Officer |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Head - Sales, Dubai, UAE
- Financial Analyst, Qatar, Qatar
- Business Analyst, Abu Dhabi, UAE
- Asst to General Manager, Abu Dhabi, UAE
- Office Manager / Secretary, Abu Dhabi, UAE
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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