{"url":"https://newsforagent.com/news/2026-10-21/aamal-energy-qr100m-procurement-contract","markdown_url":"https://newsforagent.com/news/2026-10-21/aamal-energy-qr100m-procurement-contract.md","title":"Aamal Energy Wins QR100m Five-Year Procurement Deal","headline":"Aamal Energy Signs Five-Year Procurement Contract Worth Over QR100 Million","description":"Aamal Energy signed a five-year procurement services contract with an initial value above QR100 million.","section":"Contracts & Customers","published_at":"2026-10-21T08:20:33+00:00","modified_at":"2026-10-21T08:20:33+00:00","author":"News Desk","key_takeaways":["Aamal Energy signed a five-year procurement services contract with an initial value exceeding QR100 million.","The contract covers low-risk MRO commodities and consumables, from supplier sourcing and bid evaluation to order close-out.","Aamal reported first-half 2026 gross profit of QR262.1 million and net profit of QR192.7 million on revenues of QR1.05 billion."],"companies":[{"name":"Aamal","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000o8q7/aamal","website":"http://www.aamal.com.qa"}],"source":{"publisher":"EIN Presswire","title":"Aamal subsidiary ‘Aamal Energy’ secures contract with an initial value exceeding QR100m","url":"https://www.einnews.com/article/951171087/live"},"other_sources":[],"tags":["Contracts & Customers","Aamal"],"body_markdown":"Aamal Energy, a subsidiary of Qatar-listed Aamal Company, signed a five-year procurement services contract with a local company carrying an initial value above QR100 million, Aamal announced on October 21, 2026. [EIN Presswire](https://www.einnews.com/article/951171087/live) carried the announcement. Aamal is a diversified conglomerate operating across industrial manufacturing, trading and distribution, property and managed services through 32 subsidiaries.\n\n## What the Aamal Energy Contract Covers\n\nUnder the agreement, [Aamal](https://akta.pro/company-profiles/000o8q7/aamal) Energy will manage the procurement cycle for the client's low-risk maintenance, repair and operations commodities and consumables. Its responsibilities span supplier sourcing and bid evaluation through purchase order placement, delivery coordination and order close-out, including follow-up on claims and warranties.\n\nA dedicated procurement team, supported by integrated systems and regular reporting, will deliver the services for the client's day-to-day operational requirements. Aamal said the contract supports its strategy to expand into sectors offering long-term growth opportunities and strengthens its role in services supporting Qatar's energy and industrial supply chains.\n\nRashid bin Ali Al Mansoori, Chief Executive Officer of Aamal Company, said: \"This contract marks an important milestone for Aamal Energy and advances our strategy to build a broader presence in the energy and industrial services sectors.\"\n\nAamal said the engagement will let Aamal Energy broaden relationships with equipment manufacturers and specialist suppliers and build its track record in industrial and energy procurement.\n\n## Aamal's Portfolio Moves Behind the Deal\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Aamal's board approved in May 2026 the liquidation of three subsidiaries, C San Trading, Gulf Rocks and Aamal Vehicle Maintenance, as part of portfolio rationalization. In November 2025 the company signed a memorandum of understanding with Germany's Niedax Group to establish an advanced cable management facility in Qatar, expected to create around 200 jobs and serve the broader Gulf region. The same records show Aamal's net profit rose 2.5% in 2025 to QR443.3 million from QR432.5 million in 2024, while total revenue declined 5% to QR1.996 billion from QR2.10 billion.\n\n## Aamal's Recent Results\n\nAamal reported first-half 2026 gross profit of QR262.1 million, up 0.1% year on year, with net profit of QR192.7 million on revenues of QR1.05 billion, Qatar Tribune reported in July 2026. Net profit fell 12.9% and revenue declined 1.9% on slower project deliveries and margin pressure. In May 2026, Edison issued a report on Aamal's first-quarter results, which showed a 19.9% year-on-year revenue decline to QAR464.8m and an 11% drop in net profit to QAR90.7m, driven by weaker healthcare demand.\n\n## What Aamal Says Comes Next\n\nAamal said the engagement will support further opportunities in procurement and related industrial services, as well as collaboration with international companies seeking to develop their presence in Qatar.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}