Aamal’s Strategic Expansion in Industrial Manufacturing
Aamal Company, Qatar’s leading diversified group, has announced plans to increase its equity stake in Frijns Structural Steel Middle East (Frijns Structural Steel M.E.) from 20% to 40%. The board of directors approved the move, which involves acquiring an additional 20% shareholding from a related party.
This strategic stake hike aligns with Aamal’s growth strategy and reinforces its commitment to strengthening its presence in the industrial manufacturing sector. The acquisition underscores the group’s dedication to bolstering its portfolio and supporting Qatar’s economic ambitions.
Frijns Structural Steel: A Key Industry Player
Frijns Structural Steel M.E., established in 2009, is a prominent name in Qatar’s industrial manufacturing landscape. Specializing in steel production for petrochemical and industrial applications, the company offers a wide range of services, including engineering, production, corrosion protection, construction, and assembly.
With its expertise and reputation, Frijns Structural Steel M.E. has become a key player in delivering high-quality products for major projects within Qatar, contributing significantly to the nation’s industrial growth.
CEO Highlights Commitment to Qatar Vision 2030
Rashid Al Mansoori, emphasized the strategic importance of the stake increase, citing its alignment with Qatar National Vision 2030.
Rashid Al Mansoori
CEO of Aamal Company
“Increasing our shares in Frijns Structural Steel M.E. represents a significant step toward underpinning our position in the industrial manufacturing sector and strengthening our ability to support major projects that contribute to sustainable development,” Al Mansoori said.
He added that the move reflects Aamal’s focus on strategic expansion and enhancing industrial investments, reinforcing the group’s role in driving sustainable economic growth in Qatar.
