Chairman of Aamal, Sheikh Faisal bin Qassim Al Thani
Doha, Qatar: The Board of Directors of Aamal Company (Aamal), one of the region’s leading diversified companies, yesterday announces financial results for the year ended December 31, 2024. The company reported total revenue of QR2,100.8m, up 1.1% (2023: QR2,077.2m). The gross profit increased by 3.2% to QR515.4m (2023: QR499.6m).
Meanwhile the net profit attributable to Aamal equity holders was up by 17.7% to QR432.5m (2023: QR367.5m). The reported earnings per share increased by 17.7% to QR0.069 (2023: QR0.058), net capital expenditure grew by 10.8% to QR39.5m (2023: QR35.7m) and the gearing increased marginally to 2.52% (2023: 2.41%).
Chairman of Aamal, Sheikh Faisal bin Qassim Al Thani, commented: “I am pleased to announce a robust set of results forAamal in 2024, delivering an impressive 18% rise in year-on-year total net profit as well as a 1.1% increase in total revenue.
"Looking ahead, I am confident that Aamal’s healthy balance sheet and leading positioning across many key sectors places the company on a strong footing to capitalise on numerous growth opportunities in Qatar and the wider region. Building on this strong set of results, we remain steadfast in expanding our portfolio while contributing meaningfully to the National Vision 2030 and growth of the Qatari economy. I would like to take this opportunity to express my sincere gratitude to our employees and board members for their talent and commitment. In light of this pleasing performance, I would like to propose an 6% dividend to be approved by the AGM, scheduled to take place on March 25, 2025.”
