* The merged entity will one of the largest integrated facility management groups in Qatar; intention to IPO on Qatar Stock Exchange in near future
Al Asmakh Facilities Management and A to Z Services have jointly announced their intention to merge and create one of the largest integrated facility management groups in Qatar.
The merger will result in a combination of eight individual entities, of which four are being contributed by Al Asmakh Facilities Management and four by A to Z Services.
The combined entity will be named Al Asmakh A to Z Services and will benefit from significant synergies, creating value for its clients, its employees and all stakeholders.
Ibrahim Hassan al-Asmakh will act as chairman of the group, while Sheikh Ahmed bin Hamad bin Ali al-Thani will be appointed as vice chairman.
Gabriel Gaby Semaan will be appointed as chief executive officer (CEO), leading the integration of the eight entities and materialising the growth and vision of all shareholders.
The newly merged company is in line with the Qatar 2030 vision and further strengthens Qatar’s private sector.
Al-Asmakh commented, “We are proud to announce today the creation of a value accretive merger of two strong and well established groups. Al Asmakh Facilities Management has proven its excellence and market leading position for many years, and we are delighted to join forces with one of Qatar’s fastest growing service providers.
Together, our respective strengths and shared values will provide a broader array of services to an expanded client roster. Our vision is to continue growth and create value, with the intention to IPO on the Qatar Exchange in the near future.”
Gabriel Semaan, owner and chief executive officer of A to Z Services, emphasised, “This merger is fully aligned with the strategic plan we have developed to accelerate our revenue growth and margin expansion in the coming years. Al Asmakh Facilities Management represents an excellent strategic and cultural fit for us, adding to our scale in soft and hard services, which represent priority growth areas for A to Z Services over the next five years.
“Additionally, A to Z’s commitment to delivering outstanding service to its clients while engaging with its team members fits well with Al Asmakh Facilities Management’s culture and values. We greatly admire our partner’s heritage, excellent reputation, and highly talented team members. Importantly, we both are mission driven organisations, while the value and demand for what we do continues to increase locally and regionally.”
The merger is subject to finalisation of legal documentation and completion of due diligence processes.
Maroon Capital Advisory LLC is acting as financial advisor on the merger.