Doha, Qatar, 26 February 2024: Aamal Trading & Distribution (ATD), a fully owned subsidiary of Aamal Company Q.P.S.C., one of the region’s leading diversified companies, is pleased to announce the signing of a Memorandum of Understanding (MoU) with AAtek Group, a leading holistic global system integrator, for the provision of robotic solutions and automation for Generic, Life-Science, Pharma industries and warehouses services by AAtek to ATD.

Established in 1971, ATD holds the sole distribution rights for Bridgestone tyres in Qatar, as well as serving as a non-exclusive distributor for Total lubricants since 1990. Additionally, the company is engaged in providing comprehensive services encompassing the provision, installation, and maintenance of air conditioning and refrigeration systems.

Combining this expertise with AAtek Group, a leading provider of cutting-edge automation solutions and engineering services for the industrial and medical fields, will allow ATD to expand its business activities. Through offering Innovative modular and flexible robotic Solutions, the business will capitalize on the large-scale shift towards automation and digitalization, driven by the growing need for rapid, precise and efficient services and ensuring unparalleled quality and accuracy.

On this occasion, Mr. Sherif Shehata, Executive Director of the Trade Sector at Aamal Company Q.P.S.C., commented:

“We are delighted to announce this collaboration with the market leading AAtek Group. As we embark on this new agreement for innovative robotic Solutions and warehouse automation, we embrace the transformative power of technology to elevate our operations, streamline our processes, and ultimately deliver unparalleled efficiency and service quality to our customers. Aamal Trading & Distribution will be representing the AAtek Group brand in the Qatari market, offering its pioneering automation solutions locally. Among the companies that will benefit from these advanced solutions are Aamal Trading & Distribution, Aamal Medical, and Ebn Sina Medical companies.  This collaboration will support the expansion of our business operations and open up incredible opportunities for us to tap into new markets and generate additional diversified revenue streams. By diversifying our offerings and reaching out to new markets, we are poised for further growth and endless opportunities.”

Mr. Arun Damodaran, CEO of AAtek Company commented:

“We are honored to collaborate with Aamal Trading and Distribution, a leading force in trading and distribution. This partnership represents a mutual commitment to excellence, as we introduce adaptable, flexible, swift, modular, and cost-efficient solutions in the robotics and automation sector. Our goal is to penetrate current, contemporary, and future markets, ushering in fresh revenue streams while delivering top-tier support to both utilities and consumers with maximum efficiency. Our collaboration will involve close cooperation, fostering innovation, and implementing cutting-edge solutions in Robotics, Automation, Industry 4.0, and AI. Together, we will redefine the technological landscape, offering optimal solutions and spearheading advancements. As we embark on this journey, our shared vision will revolutionize the industry, unlocking limitless opportunities for growth and development.”

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About Trading & Distribution:

Aamal Trading and Distribution has been the exclusive distributor in Qatar of Bridgestone tyres since 1971 and a distributor of TOTAL oil and lubricant products since 1990. The company is also involved in the supply, installation, commissioning and maintenance of air conditioning equipment.

Aamal Trading and Distribution has several support services such as ‘Total Tyre Care’, a solution-based business offering after sales services, ‘Dial a Tyre’, offering customers roadside assistance and servicing, and ‘Truck Assist Van’, a fully loaded package of professional and skilled mobile services for truck tyres at the customer’s doorstep.

About Aamal Company Q.P.S.C

Aamal is one of the Gulf region’s most diversified conglomerates and has been listed on the Qatar Stock Exchange since December 2007.  As of 22 of February 2024, the Company had a market capitalisation of QAR 5.10 bn (US$ 1.4 bn).

Aamal’s 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.

For further information on Aamal Company, please refer to the corporate website: http://www.aamal.qa

About AAtek Group GmbH:

AAtek – Agile Automation Technology is a Holistic Global System Integrator, implementing Agile Automation through Internet of Things, Data Analytics, Artificial Intelligence and Robotics for Generic, Life-Science, Pharma industries and others. Our Agile Automation, Digitalization & AI Technology Solutions will be the game changer in the industry. AAtek solutions are adaptive, flexible, fast, modular and cost-effective Automation. We work to meet the rising demand in the industry for faster throughput with highest quality and accuracy involving minimal Human Intervention. AAtek is the Automation Partner to work with, right from the Conceptualization of the ideas until full-fledged implementation.

For further information on AAtek, please refer to the corporate website: www.aatek.de