Aamal

What Aamal does

Aamal Company Q.P.S.C. is a Qatar-based diversified conglomerate operating across four segments — Industrial Manufacturing, Trading and Distribution, Property, and Managed Services — through 32 wholly-owned subsidiaries plus minority JV interests. The Industrial Manufacturing segment produces cables (Doha Cables), precast concrete (Aamal Readymix), industrial pipes (APC), and holds a stake in structural steel (Frijns JV); Trading and Distribution handles medical/pharmaceutical (Ebn Sina Medical), automotive (exclusive Bridgestone distributor since 1971), and petroleum (TotalEnergies) products; Property encompasses City Center Doha (jointly managed with ECE), Al Harraj Market, residential/commercial properties, and entertainment centers (Fun City, Winter Wonderland); and Managed Services provides facilities management through MMS and Aamal Services.

The group earns revenue through a mix of hardware sales (industrial manufacturing), transaction-based distribution margins, recurring rental income from managed properties, and managed services contracts. Pricing is set at the subsidiary level and is not publicly disclosed. GTM is primarily enterprise and government field sales within Qatar, supplemented by channel/distribution partnerships and physical retail through City Center Doha (approximately 45,000 daily visitors). Notable technology includes the recently launched APC Maintenance Hub, an AI-powered internal maintenance platform for pipe manufacturing operations, and a 2025 Huawei Cloud partnership via Aamal Information Technology.

Founded in 2001 and listed on the Qatar Stock Exchange in 2007, Aamal aligns its strategy with Qatar National Vision 2030 and reports FY2025 revenue of QR1.996 billion (~USD 548M) and net profit of QR443.3 million. Major named customers include Kahramaa (QAR 1B+ cable contract), Hamad Medical Corporation, City Center Doha tenants, and Bridgestone First Stop fleet clients. Recent strategic emphasis is on industrial consolidation (full APC acquisition, Niedax cable management JV) and portfolio rationalization (liquidation of three dormant subsidiaries, sale of IMO Qatar).

Name

Aamal

Legal name

Aamal Company Q.P.S.C.

Website

https://aamal.com.qa

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Aamal is a Qatar-listed diversified conglomerate operating across Industrial Manufacturing, Trading and Distribution, Property, and Managed Services via 32 subsidiaries, serving government, enterprise, and consumer clients in Qatar.

Ownership category

akta.pro rank

Product category

Diversified Industrial Conglomerate

NAICS

Management of Companies and Enterprises (55111), Manufacturing (31-33)

SIC

General Industrial Machinery & Equipment (3560), Wholesale-Industrial Machinery & Equipment (5084)

akta.pro primary industry

Aluminum Project Development, Engineering & EPC (Smelters/Refineries) (IMAKACAO)

Keywords

• Diversified conglomerate
• Industrial manufacturing
• Trading distribution
• Property management
• Facilities management

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Industrial Manufacturing: Subsidiaries manufacture products for infrastructure development and provide maritime services. Key subsidiaries include Aamal Readymix (precast concrete), Doha Cables, Advanced Pipes and Casings, and Frijns Structural Steel Middle East joint venture. Revenue from this segment grew 5.1% in 2025.
2. Trading and Distribution: Subsidiaries distribute medical equipment, pharmaceuticals, automotive products (Bridgestone tyres), and petroleum products (TotalEnergies) across Qatar.
3. Property: Subsidiaries manage retail (City Center Doha), residential, and commercial properties. Includes Al Harraj Market real estate and entertainment centers (Fun City, Winter Wonderland).
4. Managed Services: Subsidiaries Maintenance and Management Solutions (MMS) and Aamal Services provide facilities management, property maintenance, and janitorial services to corporate clients. MMS participated as Silver Sponsor at the First Qatar International Facilities Management Conference.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Aamal is a diversified Qatari conglomerate that manufactures and distributes industrial products (cables, precast concrete, pipes, cement, structural steel), distributes third-party brands such as Bridgestone tyres, TotalEnergies fuels, and pharmaceuticals/medical equipment, operates retail and commercial real estate led by City Center Doha, and delivers corporate facilities management services. Its roughly 32 subsidiaries serve government, enterprise, and consumer customers in Qatar, with revenue driven by industrial manufacturing, trading, property leasing, and managed services contracts.

Product overview

Aamal is a diversified conglomerate operating across four main business segments: Industrial Manufacturing (producing cables, pipes, concrete, and structural steel), Trading and Distribution (medical/pharmaceutical equipment and Bridgestone automotive products), Property (retail malls, entertainment centers, and commercial properties), and Managed Services (facilities management). The portfolio includes subsidiaries such as Ebn Sina Medical, Doha Cables, APC, Aamal Readymix, Aamal Services, City Center Doha, Fun City, and Winter Wonderland. This is a multi-segment diversified business rather than a unified software product or platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Manufacturing
• Trading and Distribution
• Property Management and Retail Real Estate
• Managed Services (Facilities Management)
• Pharmaceutical and Medical Equipment Distribution (Ebn Sina Medical)
• City Center Doha Shopping Mall
• Fun City and Winter Wonderland Family Entertainment Centers
• Travel and Tourism Services (Aamal Travel — Lufthansa City Center)
• Bridgestone First Stop Showroom and Tyre Services
• TotalEnergies Petroleum Product Distribution

Quantifiable outcome

• Net profit grew 2.5% to QR443.3 million in 2025
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

15 partnerships are on record, tiered core, strategic and minor.

• Niedax GroupcoreStrategic or Co-development Partner · 21 November 2025Aamal Company and Germany's Niedax Group signed an MoU to establish an advanced cable management facility in Qatar, serving the Gulf region. The project is expected to create around 200 jobs and boost regional exports, supporting infrastructure and industrial growth. Attended by Qatar's Minister of State for Foreign Trade Affairs and Germany's Federal Minister for Economy and Energy.
• BeiGenestrategicStrategic or Co-development Partner · 1 April 2025Ebn Sina Medical signed a strategic partnership with BeiGene to introduce innovative oncology treatments in Qatar, expanding cancer care capabilities.
• HuaweistrategicTechnology or Integration · 1 February 2025Aamal Information Technology signed an MoU with Huawei to join the Huawei Cloud Partner Network and participate in the Cloud Service Provider Program, enhancing Aamal IT's cloud capabilities and service offerings.
• Avey (AVIE for Medical)strategicStrategic or Co-development Partner · 1 August 2024Aamal Medical signed a strategic partnership with Avey Healthcare to enhance healthcare innovation in Qatar.
• Novo NordiskcoreStrategic or Co-development Partner · 1 April 2024Ebn Sina Medical, Aamal's pharmaceutical subsidiary, maintains a strategic partnership with Novo Nordisk, including the introduction of Wegovy (Semaglutide 2.4mg) in Qatar and renewal of contracts for diabetes, hemophilia, and obesity treatments. Also jointly hosted the ACT Summit in Qatar.
• TotalEnergies Marketing Middle EaststrategicChannel Partner/ Reseller/ Distributor · 1 January 2024Aamal Trading and Distribution partners with TotalEnergies for petroleum product distribution in Qatar. Executive management meetings are held regularly to strengthen the partnership.
• Doha Women ForumminorGTM or Marketing Partner · 1 January 2024Aamal sponsors the Doha Women Forum's annual events including International Women's Month activities, panel discussions on women empowerment and workplace equality.
• Qatar UniversityminorGTM or Marketing Partner · 1 September 2023Aamal and Ebn Sina Medical participated at Qatar University's White Coat Ceremony and the CEO serves as a judge panelist in the Qatar University Entrepreneurship Competition, supporting educational outreach.
• ECE (Qatar German Mall Management Company)strategicStrategic or Co-development Partner · 1 September 2023Aamal and ECE co-manage City Center Doha through a joint venture, the Qatar German Mall Management Company, which manages retail operations and ongoing redevelopment.
• MMS (Maintenance and Management Solutions)strategicStrategic or Co-development Partner · 1 September 2023Aamal Services acquired MMS (Property Maintenance and Management Solutions) from Al Faisal Holding, expanding its facilities management capabilities. MMS and Aamal Services were Silver Sponsors at the First Qatar International Facilities Management Conference.
• Ebn Sina MedicalcoreStrategic or Co-development Partner · 7 June 2022Aamal subsidiary Ebn Sina Medical distributes pharmaceuticals and medical equipment in Qatar, with partnerships including Novo Nordisk, BeiGene, and Avey Healthcare. In June 2026, Ebn Sina Medical announced intention to commence negotiations for a potential acquisition.
• Qatar Olympic CommitteeminorGTM or Marketing Partner · 1 January 2021Aamal signed a sponsorship agreement with the Qatar Olympic Committee to sponsor the Ad-Daam Qatar national team, as part of its corporate social responsibility program.
• Qatar Cancer SocietyminorGTM or Marketing Partner · 1 January 2020Aamal has maintained a partnership with Qatar Cancer Society since 2020, renewed annually, supporting cancer awareness initiatives, pink October campaigns, and fundraising. The partnership was renewed for the fifth consecutive year in 2025.
• Frijns Structural Steel Middle EastcoreStrategic or Co-development Partner · 1 September 2016Aamal holds stakes in Frijns Structural Steel Middle East (FSE), a joint venture for structural steel construction. In December 2024, Aamal increased its stake in the joint venture. In October 2025, Aamal approved the sale of IMO Qatar to FSE for QR 6.5 million, and FSE won a QR 140+ million structural steel contract in Qatar's aviation sector.
• Bridgestone Middle East and AfricacoreChannel Partner/ Reseller/ Distributor · 1 January 1971Aamal Trading & Distribution has been the exclusive distributor of Bridgestone tyres in Qatar since 1971, operating multiple Bridgestone and First Stop service centers for passenger, commercial, and fleet vehicles.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Al Faisal Holding: Large privately-held Qatari diversified conglomerate with industrial, real estate, and services businesses — directly comparable to Aamal, and notably a related party (seller of MMS to Aamal Services).
• Barwa Real Estate: Qatari real estate developer and property manager listed on QSE, comparable to Aamal's retail, residential, and commercial property management operations.
• Qatar National Cement Company: Qatari cement manufacturer serving domestic construction demand, directly comparable to Aamal Readymix and the broader construction-materials manufacturing business.
• Mannai Corporation: Qatari diversified group with trading, distribution, automotive, and services businesses. Closely comparable to Aamal's Trading & Distribution segment (Bridgestone, TotalEnergies) and managed services model.
• Ezdan Holding Group: Qatar-listed conglomerate with substantial property and real estate operations, directly comparable to Aamal's Property segment (City Center Doha, Al Harraj Market, entertainment assets).
• Industries Qatar: Qatar Stock Exchange-listed diversified industrial conglomerate holding stakes in petrochemicals, fertilizers, and steel — directly comparable to Aamal's industrial manufacturing, project-based, Qatar-domiciled model.
• Salam International Investment: Qatari diversified group with interests in technology, healthcare, and trading — comparable to Aamal's mixed portfolio spanning IT (Aamal IT/Huawei), healthcare (Ebn Sina Medical), and distribution.
• Investment Holding Group: Qatar Stock Exchange-listed diversified investment group, comparable to Aamal's holding company model managing 32 subsidiaries across multiple sectors.
• Gulf International Services: Qatar-listed industrial conglomerate with manufacturing and services operations, comparable to Aamal's diversified industrial and services portfolio serving domestic Qatari customers.

Emerging players

• QAMCO (Qatar Aluminium Manufacturing Company): Qatar-listed industrial manufacturer focused on aluminium smelting, adjacent to Aamal's industrial manufacturing strategy and to its IMAKACAO industry code peer group. Both serve Qatar's industrial supply chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/aamalqpsc
• Facebookfacebook.com/AamalCompany
• LinkedInlinkedin.com/company/aamal-qsc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aamal