Aamal Company signs agreement to buy Masraf Al Rayan’s stake in Ci San Trading

Aamal Company signs agreement to buy Masraf Al Rayan’s stake in Ci San Trading

Aamal Company, one of the Qatar’s leading diversified companies, through its subsidiary Aamal Readymix, has signed an agreement to purchase Masraf Al Rayan’s 50 percent stake in Ci San Trading L.L.C for $8.7 million. Ci San Trading L.L.C. was established in 2008 as a 50:50 joint venture between Aamal Company and Masraf Al Rayan Bank, […]

Aamal Company, one of the Qatar’s leading diversified companies, through its subsidiary Aamal Readymix, has signed an agreement to purchase Masraf Al Rayan’s 50 percent stake in Ci San Trading L.L.C for $8.7 million.

Ci San Trading L.L.C. was established in 2008 as a 50:50 joint venture between Aamal Company and Masraf Al Rayan Bank, with a paid-up capital of $8.4 million.

Ci San Trading invests in various sectors and currently owns two subsidiaries, Gulf Rocks and Aamal Maritime Transportation Services. Aamal Readymix, wholly owned by Aamal Company, is one of Qatar’s largest producers of high-quality ready-mix concrete, with an annual production capacity of 600,000 cubic meters.

Sheikh Mohammed bin Faisal Al ThaniVC & MDAamal Company

“This transaction is another strategic step which further strengthens Aamal’s leading position in the industrial manufacturing sector and builds on our successful track record. Aamal was among the first private sector companies to