Aamal continues to move steadily toward its future ambitions

Doha, Qatar: Aamal Company stands out as a leading model of a diversified economic group in line with the national vision that places sustainability a...

Doha, Qatar: Aamal Company stands out as a leading model of a diversified economic group in line with the national vision that places sustainability and income diversification at the core of its priorities. It has successfully aligned with these goals through balanced performance and strategic investments in vital sectors including industry, real estate, trade, and services, said Sheikh Mohammed bin Faisal (pictured), Vice Chairman and Managing Director of Aamal Company.

In a comprehensive discussion on performance, achievements, and future plans recently Sheikh Mohammed bin Faisal Al Thani highlighted Aamal’s financial performance, key achievements, and outlined its future plans in energy, sustainability, and social responsibility in light of the rapidly evolving global economy. He unveiled the next chapter for Aamal Company. From industrial acquisitions to real estate expansion and medical digitization, Aamal affirmed its leadership in the Qatari market. 

Aamal delivered strong financial performance in 2024, with sustainable revenue growth reaching QR 2.1bn (up 1.1%) and a net profit of QR432.5m (up 17.7%), alongside an increase in earnings per share to QR0.069. In Q1 of 2025, revenues grew by 6.8% and net profit by 8.3%, marking a strong start to the year. The company also distributed a 6% dividend to shareholders, supported by a solid balance sheet and reduced debt (gearing ratio 2.52%).

Regarding the focus on industrial acquisitions, Sheikh Mohammed said, “These acquisitions align with our strategy to strengthen our industrial presence. This includes full ownership of companies such as Advanced Pipes and Casts and Ci San Trading, and increasing our stake in “Frijns Steel Construction Middle East” to 40%. Additionally, we established a new company in Saudi Arabia to support regional expansion in the industrial and construction sectors.”

He noted that Al-Sewedi Cables has solidified its position in the local market as a strategic partner for infrastructure projects. “We recently signed a contract worth QR1bn, awarded in the second half of last year. We also have a backlog of contracts worth around QR3bn from previous years, which we will begin delivering according to a scheduled timeline.”