Aamal Trading and Distribution intends to start negotiations to acquire Integrated Information Systems (IIS)

In line with Aamal's efforts to implement its strategy and expand its range of services in the field of information technology

Doha – 1 June 2023: Aamal Company Q.P.S.C., one of the region’s leading diversified companies, announces that its fully owned subsidiary, Aamal Trading and Distribution, intents to start negotiations with Integrated Information Systems Company (IIS) to acquire it.  IIS is 49% owned by Al Faisal Holding Company, with the remaining 51% owned by International Consultancy Company.

IIS is a leading provider of a wide range of IT solutions and services to companies in various sectors, including commerce, services, industrial production, financial services, health and insurance, transportation, and communications. This acquisition would enhance Aamal’s revenue streams, as IIS is the main provider of information technology and systems services to Aamal, and in the event of a successful acquisition, IIS will become a subsidiary of Aamal through Aamal Trading and Distribution.  This  will give it the opportunity to benefit from services and solutions more efficiently, as well as expanding its range of businesses by winning new contracts with other local companies.

The expected value of the acquisition may reach QAR 500,000 and is expected to be completed through the indirect acquisition method, given that Aamal Trading and Distribution is a fully owned subsidiary of Aamal Company. Adhering to the full disclosure policy and culture of Aamal Company, it’s pertinent to mention the existence of Indirect ownership of approximately 56% in IIS by Aamal’s Chairman.

Mr. Rashid bin Ali Al Mansouri, CEO of Aamal Company Q.P.S.C., commented: “At Aamal we are keen to continuously develop our activities and the information technology sector is a key area of focus for us.  This potential acquisition presents an important opportunity and would be an attractive addition to Aamal’s investment portfolio. We look forward to progressing our negotiations and to achieving our desired goals”.



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