Tribune News Network
Doha
Aamal Company, announces that it has completed the acquisition of its partner Afaq Alalam Alarbi Company’s shares in Advanced Pipes and Casts Company (APC). With this transaction, Aamal now has 100% ownership of APC through its wholly owned subsidiary, Aamal Readymix.
Commenting, Rashid bin Ali Al Mansoori, CEO of Aamal Company Q.P.S.C., said: “This acquisition marks another important step in our strategy to further strengthen Aamal’s position within Qatar’s industrial manufacturing sector.
With full ownership of APC, we now have greater flexibility to implement targeted improvements and to drive growth.
We are confident that this will unlock APC’s full potential and allow us to further support Qatar’s infrastructure development goals, while simultaneously delivering greater value to Aamal’s shareholders and stakeholders.
We are committed to investing in capabilities that enhance Qatar’s self-sufficiency and industrial diversity, in line with our nation’s vision for a sustainable, diversified economy.”
Established in 2010, APC is a leading pipe manufacturer in the Middle East, producing a wide range of products including circular pre-cast concrete manholes, reinforced concrete pipes, and pre-cast concrete structures.
