Doha, June 18 (QNA) - Aamal Company Q.P.S.C. (Aamal) announced that it has commenced negotiations to acquire Hepworth PME Qatar W.L.L.

It should be noted that the ownership of the target company is split between a related party and an unrelated party, and that the acquisition will be through one of Aamal Company's subsidiaries, Aamal said in a statement published on the Qatar Stock Exchange website on Wednesday.

This potential acquisition aligns with Aamal's strategic objective to expand its industrial manufacturing segment, enhancing its product portfolio and market presence in line with Qatar's National Vision 2030, the statement said.

Established in 2001, Aamal has been listed on the Qatar Stock Exchange since December 2007. Its operations are widely diversified and comprise 32 active business units (subsidiaries and joint ventures) with market leading positions in the key industrial, retail, property, managed services, and medical equipment and pharmaceutical sectors, thereby offering investors a high quality and balanced exposure to Qatar's wider economic growth and development.

Established in 2003, Hepworth PME Qatar is a leading manufacturer and supplier of high-quality thermoplastic piping systems, serving Qatar's building and construction, civil engineering, and industrial sectors.

The Company offers comprehensive piping solutions, including pipes, fittings, valves, pumps, measurement and control systems, and jointing equipment and accessories. (QNA)