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Monday, 09 November 2009 | 07:14 UAE time

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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
As of 8 Nov 2009 09:29 GMT (Market Closed)

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

info@aamal.com.qa

W

www.aamal.com.qa

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 13 January 2001 -

MAJOR SHAREHOLDERS

NameCountry
Al Faisal Holdingcompanies24Qatar
Faisal Bin Qassim Al Thani and FamilyindividualsQatar

PORTFOLIO

NameCountry
Aamal Cement IndustriesQatar
Aamal IndustriesQatar
Aamal MedicalQatar
Aamal Ready MixQatar
Aamal Real EstateQatar
Aamal Services GroupQatar
Aamal Trading and Distribution CompanyQatar
Aamal TravelQatar
City Center DohaQatar
Ebn Sina Medical CompanyQatar
Gettco TradingQatar
IMO Qatar CompanyQatar
Senyar Industries Qatar HoldingQatar
C San HoldingQatar

OFFICERS

BOARD OF DIRECTORSPosition
Faisal Bin Qassim Al ThaniChairman
Tarek Al SayedVice Chairman
Mohammed Al TahaniBoard Member
Bader Al FehaniBoard Member
Mohammed ShafikBoard Member
Iman GhassoubBoard Member
MANAGEMENTPosition
Michael A. CollisChief Executive Officer

LATEST FINANCIAL JOBS

  1. Head - Sales, Dubai, UAE
  2. Financial Analyst, Qatar, Qatar
  3. Business Analyst, Abu Dhabi, UAE
  4. Asst to General Manager, Abu Dhabi, UAE
  5. Office Manager / Secretary, Abu Dhabi, UAE

Browse all jobs »

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. All markets data located on ArabianBusiness.com is subject to the ArabianBusiness.com Terms & Conditions. Content should be used for general information use only. Charts and statics display delayed intraday data. Share price information may be rounded up/down and therefore may not be entirely accurate Selected data supplied by Reuters Limited. Click for Restrictions.