Gulf Times – Aamal raises non-Qatari shareholder stake to 49%

Non-Qatari shareholding in Aamal Company will go up to 49% from the current 25% following approval from its shareholders.

An amendment to Article (7) of the company bylaws was approved by Aamal shareholders at their extraordinary general assembly meeting at the Renaissance Doha City Center Hotel yesterday.

The general assembly approved the issuance of 10% bonus shares to the shareholders. Consequent on this, the paid up share capital will go up by QR450mn to QR4.95bn.