2025-10-30
Aamal Approves Sale of IMO Qatar to Frijns Structural Middle East for QR6.5mn
Aamal Company, one of the region’s largest and most diversified companies, has approved the sale of IMO Qatar, a dormant fully owned entity of Aamal, to Frijns Structural Steel Middle East, an associate in which Aamal holds a 40% stake, for QR6.5mn.
This amount agreed upon reflects the value of expenses previously incurred over past years, including rent for land granted by Manateq, licenses, and other costs.
This step is expected to support Frijns future expansion strategy by enhancing its production capacity to meet increasing market demand, thereby generating growth and adding value to all stakeholders.
IMO Qatar, established in 2007, has been inactive since its inception. Its activities include the construction and maintenance of power plants, the establishment and management of industrial facilities, and acting as a representative for international companies.
“This step reflects our ongoing commitment to optimising our business portfolio and focusing on value-added activities that support the growth of our subsidiaries and associates.
By selling IMO Qatar to Frijns Structural Steel Middle East, we are enabling Frijns to capitalise on this acquisition to enhance its production capacity and better meet the growing market demand, ultimately driving sustainable growth that benefits all stakeholders,” said Rashid al-Mansoori, chief executive officer of Aamal Company.
This amount agreed upon reflects the value of expenses previously incurred over past years, including rent for land granted by Manateq, licenses, and other costs.
This step is expected to support Frijns future expansion strategy by enhancing its production capacity to meet increasing market demand, thereby generating growth and adding value to all stakeholders.
IMO Qatar, established in 2007, has been inactive since its inception. Its activities include the construction and maintenance of power plants, the establishment and management of industrial facilities, and acting as a representative for international companies.
“This step reflects our ongoing commitment to optimising our business portfolio and focusing on value-added activities that support the growth of our subsidiaries and associates.
By selling IMO Qatar to Frijns Structural Steel Middle East, we are enabling Frijns to capitalise on this acquisition to enhance its production capacity and better meet the growing market demand, ultimately driving sustainable growth that benefits all stakeholders,” said Rashid al-Mansoori, chief executive officer of Aamal Company.
Source: GULF TIMES