Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- Aamal looks for new opportunities  Join our daily free Newsletter

MENAFN - The Peninsula - 08/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Aamal Company, a diversified group having interest in industrial manufacturing, trading and distribution, real estate and services, will look for new opportunities for expansion.

"We will continue to look for and appraise new opportunities for further expansion as the development of Qatar's infrastructure continues apace as we are witnessing an unprecedented demand for many industrial products, of which a large proportion is currently being imported from abroad," said Tarek M El Sayed, Managing Director of Aamal addressing company's Annual Ordinary General Assembly. "I would like to emphasise that we will also continue to look for new value creating opportunities in the other sectors which we are involved in to improve and increase the efficiency as it will help to strengthen our already market leading positions. Also, we will allocate the profits generated during the past year to capture opportunities in the local and regional market," he said.

"Aamal achieved strong results for 2013. We have managed to grow both revenues and expand net underlying profit margins, thereby impoving the overall quality of earnings," said Faisal Bin Qassim Bin Faisal Al Thani, Chairman in a statement. "Underlying net profit, excluding the uplift from the fair value gains on investment properties, grew by over 13 percent to QR267.2m and earnings per share on this basis increased by 27 percent. This is a very impressive performance and testimony to the solid foundations we have put in place to share in, and contribute to, the rapid growth that Qatar is experiencing as it transforms itself into a modern, diversified and industrial economy," he said.


The revenue grew by 2.6 percent to QR 2.1bn in 2013 while net underlying profit (before fair value gains on investment properties) increased 13.4 percent to QR267.2m.

"We are very excited about the prospect of beginning the commercial production of the Advanced Pipes and Casts Company in 2014. This will allow us to increase our product range and scope to supply a number of new industrial projects," said Tarek M El Sayed.

He said that work has now begun to obtain the necessary permissions for Phase 2 of the redevelopment of City Center Doha.

 


The Peninsula




  MENA News Headlines
 Sep 30 2016 - Italy�s Eni confirms renewable energy deal with EgyptMENAFN
(MENAFN) Italian oil Eni agreed a common strategy with Egypt to construct renewable energy projects in the country.Moreover, the first project will be a solar plant in Sinai with output of 50 MW, ...

 Sep 30 2016 - Oman�s budget deficit reaches USD10.83bn in H1MENAFN
(MENAFN) Oman"s budget deficit increased and crossed the RO4bn mark for Jan-July period this year as government revenue continued to hurt by weak oil prices.Meanwhile, the deficit grew by 68 percent ...

 Sep 30 2016 - UAE hotels to cut costs by 20pctMENAFN
(MENAFN) Hotels in the UAE could cut their costs by more than 20 percent by reducing their energy and water consumption.Moreover, hotels with poor environmental policies consume three times more ...

 Sep 29 2016 - Kimberly process chair steps up momentum on Africa initiativeMENAFN Press
(MENAFN Press) Zimbabwe was the next stop on his extensive tour of African States, to give Africa a Voice, for which the Kimberley Process was originally intended. In Harare, the KP Chair met with ...

 Sep 29 2016 - Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020MENAFN Press
(MENAFN Press) Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020 next five years in an average of 106% CAGR; by 2020 over 430 billion products will be sold, and 21 ...

 Sep 29 2016 - NY Gov. Cuomo's Justice Center a Corruption SchemeMENAFN Press
(MENAFN Press) NY Gov. Cuomo's Justice Center a Corruption Scheme Jonathan Carey "Champion for the Disabled" Born September 12,1993 Killed by caregivers on February 15,2007 The corruption is ...

 Sep 29 2016 - Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North AmericaMENAFN Press
(MENAFN Press) Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North America The 3rd annual Biosimilars North America by popular demand, ...

 Sep 29 2016 - Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022.MENAFN Press
(MENAFN Press) Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022. Global Haptic Interface Market Information, by Components (Hardware, Software), ...

 Sep 29 2016 - Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Cold Forging Machine Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September ...

 Sep 29 2016 - Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021MENAFN Press
(MENAFN Press) Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021 Global Wind Power Market Information Report by Application (Residential ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help