Aamal Company reported a net profit QR192.7mn in the first half of the year.Gross profit increased by 0.1% to QR262.1m in the period from QR261.8mn in H1 2025. Net capital expenditure increased by 35.6% to QR18.7mn from QR13.8mn in H1 2025. Gearing increased to 9.77% in H1 2026 from 2.93% in H1 2025.H1 2026 net profit was down 12.9% compared to QR221.3m in the same period last year. Earnings per share was down 12.9% to QR0.031 from QR0.035 in H1 2025. Total revenue decreased 1.9% to QR1,050.2mn compared to QR1,070.1mn in H1 2025. There were no fair value gains on investment properties year-on-year.Sheikh Mohamed bin Faisal al-Thani, vice chairman and managing director of Aamal, said: “Despite a challenging operating environment during the first half of 2026, Aamal continued to demonstrate the resilience of its diversified business model. The group maintained solid underlying operational performance across its portfolio, reflecting the strength of its businesses and disciplined approach to managing costs and capital.Looking ahead, we remain focused on executing our long-term growth strategy and are actively evaluating investment opportunities, particularly within the healthcare and industrial sectors. These opportunities are aligned with our strategic priorities and are intended to strengthen our portfolio, broaden our earnings base and create sustainable value for our shareholders.”Rashid bin Ali al Mansoori, CEO of Aamal, said: “Aamal’s diversified business model continued to demonstrate its strength, with positive performances across several businesses helping to offset these external pressures. In Property, Aamal Real Estate delivered strong revenue growth, supported by the addition of Aamal Tower and our continued investment in enhancing the portfolio.“Within Managed Services, MMS and Aamal Services both performed well, while Aamal Medical benefited from increased demand for medical equipment from government and private sector customers. In Industrial Manufacturing, Aamal Cement delivered a significant improvement in profitability, while Advance Pipes and Casts continued its encouraging turnaround, achieving substantial revenue growth.”The Industrial Manufacturing segment recorded a 2.6% increase in revenue to QR94.5mn, while net profit declined by 23.3% to QR25.3mn. The Trading and Distribution segment recorded a 3.9% decrease in revenue to QR727.4mn, while net profit declined by 7.5% to QR49.6mn. The Property segment recorded a 3.5% increase in revenue to QR176.0mn, while net profit declined by 6.9% to QR129.2mn.Revenue growth was supported by the expansion of Aamal Real Estate’s portfolio following the addition of Aamal Tower, while profitability reflected a softer contribution from City Center Doha and costs associated with the portfolio’s expansion.The Managed Services segment recorded a 6.0% increase in revenue to QR85.5mn, while net profit declined by 6.7% to QR9.0mn. Revenue growth was driven by a strong performance at Maintenance Management Solutions, while profitability was affected by a softer contribution from the Family Entertainment Centre.Aamal announced that a conference call to discuss the results will be held on Tuesday, July 28 at 2pm Doha time with the following details: Conference ID: https://us06web.zoom.us/j/87185553420. Meeting ID: 871 8555 3420.Dial-in numbers: +1 301 715 8592 US (Washington); +1 646 876 9923 US (New York); +44 208 080 6592 UK; and +44 330 088 5830 UK. Participants must join the event conference 5-10 minutes prior to the start time.

Qatar’s banking sector continued to demonstrate strong financial performance in June, supported by growth in assets, customer deposits, credit facilities and domestic liquidity, according to monthly data from the Qatar Central Bank (QCB).Commercial bank assets reached QR2.2tn, up 3.3% year-on-year from QR2.13tn in June 2025 and 0.45% month-on-month from QR2.19tn in May. Foreign assets rose sharply by 26.5% annually to QR396.1bn, while domestic assets increased marginally to QR1.74tn.Customer deposits climbed 5% year-on-year to QR1.11tn, compared with QR1.05tn a year earlier, and rose 0.19% monthly. Public-sector deposits increased 9.63% to QR402.22bn, while private-sector deposits grew 4.1% to QR503.4bn. Non-resident deposits, meanwhile, declined 1.26% annually and 2.72% monthly to QR199.46bn.The total credit facilities of commercial banks reached QR1.47tn, marking a 5.9% annual growth, while remaining broadly stable month-on-month. Credit extended outside Qatar surged 120.6% to QR139.9bn, while domestic credit increased 0.4% to QR1.33tn.The credit was distributed across several sectors, with services accounting for QR304.93bn, followed by the public sector at QR390.88bn, general trade at QR215.18bn, consumption at QR189.84bn, real estate at QR180.84bn, contractors at QR38.17bn, industry at QR11.94bn and other sectors at QR780.8mn.Domestic liquidity, measured by M2, rose 9.9% year-on-year to QR813.33bn, compared with QR740.3bn in June 2025, and increased 1.56% from May. Issued currency stood at QR22.24bn, up 6.52% annually but down 6.27% month-on-month.The data point to continued expansion of Qatar’s banking balance sheets, strong depositor confidence and sustained lending activity. The sharp rise in foreign assets and overseas credit also highlights the growing international reach of Qatari banks and diversification of their income and credit portfolios.In the meantime, simultaneous growth in assets, deposits, credit and liquidity indicates a solid banking environment capable of supporting major development projects and Qatar’s Third National Development Strategy, particularly as new LNG production capacity is expected to stimulate further economic and investment activity.