Aamal Company, listed on the Qatar Stock Exchange, has announced that its Board of Directors has approved an increase in its stake in Frijns Steel Construction Middle East by acquiring an additional 20% from a related party. This acquisition aligns with Aamal's growth strategy and aims to strengthen its position in the industrial production sector. With this deal, Aamal's total ownership in Frijns Steel will rise to 40%. The company emphasized that the acquisition follows an independent assessment to ensure transparency and best practices. Frijns Steel has been operating in Qatar since 2009, specializing in steel production for petrochemical and process industries.