Aamal Company Announces Board Approval on the Sale of Imo Qatar

Aamal Company Q.P.S.C. (Aamal), one of the region’s largest and most diversified companies, announced today that its Board of Directors has approved the sale of IMO Qatar W.L.L., a dormant fully owned subsidiary of Aamal, to Frijns Structural Steel Middle East W.L.L., an associate which Aamal holds a 40% stake, for an amount of QAR 6.5 million.