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AAMAL COMPANY FACT SHEET June 2020 www.aamal.com.qa
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AAMAL COMPANY FACT SHEET/media/Files/A/Aamal-V2/2020/Fact Sheet...Increased paid up share capital to QAR 3.795bn 2014 Established Aamal Optical Supplies 2008 Established Frijns Steel

Jan 29, 2021

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  • AAMAL COMPANY FACT SHEET

    June 2020

    www.aamal.com.qa

  • 1) A powerful, cohesive growth platform

    • One of the fastest growing diversified companies,

    offering high quality exposure to the Qatar’s

    economic growth and development

    • Diversified for balanced exposure across the

    Qatari economy

    • Strong market positions in key sectors

    Aamal Company Fact Sheet June 2020

    Company Description

    • Incorporated in 2001 in Qatar and listed on the Qatar Stock Exchange in 2007

    • Geographical focus, at present, on Qatar with intentions to expand further in the region and beyond

    • Operations across 26 active business units with market leading positions in the following key sectors: industrial

    manufacturing, retail, real estate, managed services, medical equipment and pharmaceuticals

    • Strategy focused on 3 pillars for sustained, profitable growth: i) Increased focus on industrial manufacturing and

    related high growth sectors ii) Continued growth, diversification and innovation across other existing businesses

    to enhance market position and optimise performance iii) Continued application of clear and disciplined

    operational and financial principles underlying strategic growth initiatives

    • Uniquely positioned to benefit from increased private and public sector demand, particularly infrastructure

    development, as Qatar is transformed into an advanced and self-sustaining economy; the award of the 2022

    FIFA World Cup and the Qatar National Vision 2030 have accelerated the quantum of infrastructure build in the

    country in terms of bringing forward planned capital projects accompanied by new ones coming on stream.

    • One of the leading listed companies with current market capitalisation QAR4.10 bn* (US$ 1.13bn)

    Strong backing from Al Faisal Holding Company, Aamal’s long term major shareholder.

    *As of 4th of June 2020

    Company Positioning

    3) Experienced, proven senior management

    team…

    • Strength in strategic asset allocation, corporate

    governance and risk control

    • Proven track record of historical profit growth and

    value creation driven by clear focus on returns on

    capital and capital discipline

    • Highly effective corporate decision-making with

    short lines of communication with operational

    management

    “Generating revenues of QAR 1,294.1m (US$ 355.40m) in 2019, Aamal Company is one of the largest, most

    diversified companies in Qatar offering investors a high quality and balanced exposure to Qatar’s

    economic growth and development.”

    2) Balance sheet strength

    • Strongly capitalised (QAR 7.9bn (US$ 2.2bn) of

    Shareholder’s Funds, end of 2019)

    • Low financial gearing (1.06%, end 2019)

    • Strong internal cash flow generation combined

    with readily available access to debt funding

    underpins the financing of future growth

    opportunities

    4) …with strength in depth

    • Development of shared services policy, allowing

    segmental management to focus on core business

    • Each subsidiary managed as a stand alone entity,

    optimising management’s operational focus and

    transparency

    • Talented and motivated managers with significant

    experience and customer relationships in their

    respective areas

    • Clear segregation between management and

    ownership, reinforcing best practice corporate

    governance guidelines

  • 135

    0.9 0 0 0

    135.9

    2015 2016 2017 2018 2019 5 Year Total

    58.8%25.9%

    13.8%

    1.5%

    Property Trading and Distribution

    Industrial Manufacturing Managed Services

    16.6% 17.6%

    26.2% 27.00%

    20.10%

    2015 2016 2017 2018 2019

    2,882.0 2,829.1

    1,604.21,286.60 1,294.10

    2015 2016 2017 2018 2019

    Performance Profile

    Relative Share Price Performance over the past 12 months

    Underlying Net Profit* Margin %

    Revenue (QARmn)*

    2019 Consolidated Breakdown, by Segment

    Capital Appreciation of Property (QARm)

    *Before fair value gains on investment properties and shares of profits of associates

    *Before fair value gains on investment properties and equity accounted investees’*Two business entities has been reclassified within the Industrial Manufacturing segment from subsidiaries to joint ventures from 1 April 2017

    Revenue Net Profit

    *Net profit percentages are before head office cost

    Underlying Net Profit* (QARmn)

    21.9%

    60.5%

    12.8%

    4.8%

    Property Trading and Distribution

    Industrial Manufacturing Managed Services

    478.9 499.2421.1

    347.6

    259.8

    2015 2016 2017 2018 2019

    *Before elimination of intersegment revenue

    Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20

    QA:AHC QE Index

    • Note: Stock Split Effective on June 25th

  • Aamal CompanyChief Financial Officer - Mr. Imran Chughtai [email protected] and Compliance Manager – Mr. Zaid Shelleh [email protected] Company Q.P.S.C.

    Marriott Marquis Tower, Floor 15

    P.O. Box 22477 Doha-Qatar

    T: +974 44350666

    www.aamal.com.qa

    Financial PR/IR AdvisorsCitigate Dewe Rogerson [email protected] Lucy Eyles -Account Manager, Investor RelationsTel: +44 (0)20 7282 2995Mob: +44 (0)7525 951 207www.citigatedewerogerson.com

    Contact Information

    Key Milestones

    2001 Aamal Company established in Qatar 2012 Increased paid up share capital to QAR 5.445bn

    2007Listed on the Qatar Stock Exchange,

    with share capital of QAR 3.0bn2012 Acquisition of Gulf Rocks by Ci-San Trading

    2007

    Established Senyar Industries Qatar

    Holding in partnership with El Sewedy

    Electric Group, Egypt

    2013 Increased paid up share capital to QAR 6 bn

    2008Established Doha Cables as part of

    Senyar Industries Qatar Holding2013 Established Al Farazdaq Company

    2008Increased paid up share capital to QAR

    3.795bn2014 Established Aamal Optical Supplies

    2008

    Established Frijns Steel Construction-

    Middle East with Frijns Industrial Group

    (Aamal has a 20% interest)

    2014Start of commercial production at Advanced Pipes &

    Casts Company

    2008Established Ci-San Trading in

    partnership with Masraf Al Rayan2015 Increased paid up share capital to QAR 6.3 bn

    2010Established Advanced Pipes and Casts

    Company2015

    Established Aamal - ECE in partnership with the

    German Company ECE Projektmanagement

    2010Start of commercial production at Aamal

    Cement Industries2015

    Established Aamal for Maritime Transportation

    Services W.L.L.

    2010Start of operations at ECCO Gulf, a JV

    with ECCO Outsourcing of Egypt2016

    Acquisition of Family Entertainment Center and

    Winter Wonderland

    2010Increased paid up share capital to QAR

    4.5bn2018

    Established three industrial projects through Senyar

    Industries Qatar Holding. Aluminum, Copper and

    drums production facilities

    2010Acquisition of 49% of El Sewedy Cables

    Qatar, as part of Senyar Industries

    Qatar Holding

    2019

    Implemented a 10 for 1 stock split in compliance

    with the stock split directive issued by the Qatar

    Financial Market Authority (QFMA)

    2011Increased paid up share capital to QAR

    4.95bn 2019 Aamal Optical Supplies liquidated

    mailto:[email protected]:[email protected]://www.aamal.com.qa/mailto:[email protected]

  • Functional ChartBusiness units with effective Aamal ownership

    (%)

    Managed Services PropertyTrading and

    Distribution

    Aamal Travels and

    Tourism

    100%

    City Center Doha

    100%

    Aamal Trading

    and Distribution

    100%

    Aamal Readymix

    100%

    Aamal Services

    100%

    Aamal Real Estate

    100%

    Ebn Sina Medical

    100%

    Aamal Cement

    Industries*

    99%

    Aamal Medical

    100%

    Advanced Pipes

    and Casts Company **

    50%

    Foot Care Centre

    100%

    Ebn Sina Pharmacy

    100%

    ECCO Gulf **

    51%

    Industrial

    Manufacturing

    Ci-San Trading*

    50%

    Gulf Rocks *

    74.5 %

    Senyar Industries

    Qatar Holding **

    50%

    El Sewedy Cables

    Qatar**

    38.3%

    Doha Cables**

    47.3%

    Al Farazdaq

    Company*

    65%

    Aamal – ECE **

    51%

    Aamal for Maritime

    Transportation Services *

    74.7%

    Winter Wonderland

    100%

    Family Entertainment

    Center

    100%

    Frijns Structural Steel

    Middle East **

    20%

    Legend for Trading and

    Distribution

    100%

    Aamal Car

    Maintenance

    100%

    * Subsidiaries not fully owned by Aamal ** Equity accounted for investment in Associates and Joint Ventures