Aamal Company Q.P.S.C., a leading diversified business in the region, held its Annual Ordinary and Extraordinary General Assembly Meeting on Wednesday at the JW Marriott Marquis City Center Doha Hotel. At the meeting, shareholders approved a 6 percent dividend distribution.
The meeting, attended by company executives and guests, commenced with opening remarks from Deputy CEO Sheikh Tamim bin Faisal Qassim Al Thani. He welcomed participants on behalf of the Chairman, Sheikh Faisal bin Qassim Al Thani. He attributed the company’s strong 2024 performance to its diversified strategy, government support, and ability to leverage new opportunities.
Following his remarks, CEO Rashid bin Ali Al Mansoori presented the company’s annual report. He highlighted an 18 percent year-on-year increase in net profit and a 1.1 percent rise in total revenue for 2024. Net profit attributable to equity holders reached QR432.5 million, with earnings per share rising by 17.7 percent to QR0.069.
The meeting also approved the Chairman’s report on Aamal’s activities and financial outcomes. This aligned with Qatar’s National Vision 2030 and emphasized economic diversification. Total revenue for 2024 stood at QR2.1 billion, while gross profit climbed 3.2 percent to QR515.4 million.
The General Assembly ratified a 6 percent dividend payout, equivalent to QR0.06 per share. Shareholders also endorsed the External Auditor’s report, Corporate Governance Report, and Internal Control over Financial Reporting (ICOFR) report for the fiscal year ending 31 December 2024.
KPMG was reappointed as the company’s external auditor for 2025, with the associated service fees approved during the session.
