“aamal” Commences Negotiations to Acquire a Mixed-use Tower in Dafna Through One of Its Subsidiaries

Aamal Company Q.P.S.C., one of the region’s leading diversified companies, announces that it will initiate negotiations with a related party, Al Jazi Real Estate, for the potential acquisition of a mixed-use tower (residential and commercial) located in the Dafna area. The transaction, if concluded, would be executed through Aamal Real Estate, a wholly owned subsidiary of Aamal Company. This step reflects Aamal’s ongoing strategy to enhance its real estate portfolio and expand its market presence. Further information will be disclosed as negotiations progress and more details become available.