Doha: Aamal Company Q.P.S.C. (Aamal) has announced the initiation of negotiations to acquire Hepworth PME Qatar W.L.L.
According to Qatar News Agency, Aamal revealed that the ownership of Hepworth PME Qatar is divided between a related and an unrelated party. The acquisition is set to be executed through one of Aamal Company’s subsidiaries, as disclosed in a statement published on the Qatar Stock Exchange website.
This acquisition is part of Aamal’s strategic goal to enhance its industrial manufacturing segment, broadening its product offerings and market presence to align with Qatar’s National Vision 2030. Aamal, established in 2001 and listed on the Qatar Stock Exchange since December 2007, operates 32 active business units across various sectors, offering balanced exposure to Qatar’s economic growth.
Founded in 2003, Hepworth PME Qatar is known for manufacturing and supplying thermoplastic piping systems used in Qatar’s building and construction, civil engineering, and industrial sectors. The company provides a range of piping solutions, including pipes, fittings, valves, pumps, measurement and control systems, and jointing equipment and accessories.