Qatar’s Aamal gains on joint venture with South Korea’s C&C Lightway

With the exception of the financial sector, Qatar-listed equities fell across the board Wednesday, pulling the QE 20 Index down by 0.35% to hit a 13-month low at 8,166.98 points. Shares of diversified conglomerate Aamal Company added 0.44% to reach QR15.87. Earlier in the day, Aamal said it signed a joint venture agreement with C&C Lightway from South Korea. “The joint venture will initially trade in, and distribute, LED (Light Emitting Diode) and other lighting products (indoor, outdoor and façade) for the Qatari market and other GCC countries,” Aamal said in a statement to the Qatar Exchange, adding that “the joint venture also plans to establish in the near future a factory to assemble and manufacture LED lamps and other lighting products using technology and know-how from C&C Lightway. The factory will serve the Qatari and MENA region markets.”

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