Integrated Information Systems

Jun 4, 2023

NewsnReleases by NNR | Posted on Doha, Qatar: Aamal Company Q.P.S.C., one of the region’s leading diversified companies, announced that its fully owned subsidiary, Aamal Trading and Distribution, intends to start negotiations with Integrated Information Systems Company (IIS) to acquire it. Information Systems 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. The acquisition would enhance Aamal’s revenue streams, as IIS is the main provider of information technology and systems services to Aamal. In the event of a successful acquisition, IIS would become a subsidiary of Aamal through Aamal Trading and Distribution. This would give Aamal the opportunity to benefit from IIS’s 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 is 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. 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.” The acquisition is subject to regulatory approvals and other customary closing conditions.