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24 Feb 2021 - 8:46 Chairman of Aamal, Sheikh Faisal Bin Qassim Al Thani (left), and Chief Executive Officer and Managing Director of Aamal, Sheikh Mohamed bin Faisal Al Thani The Peninsula Doha: Aamal Company (Aamal), one of the Gulf region’s leading diversified companies, has reported a total revenue of QR1.30bn for the year 2020, up 1 percent from QR1.29bn in 2019. The solid performance in revenue generation was powered by the Industrial Manufacturing and Trading and Distribution segments and the company’s resilience and diversification strategy amid the COVID-19 pandemic. The Board of Directors proposed a cash dividend of 4 percent (QR0.04 a share). ....
February 2021 618 Dubai Aerospace Enterprise (DAE), one of the largest aircraft leasing companies in the world, has posted a revenue of $1.300.3 billion for 2020, as against $1.439.5 billion in the previous year, a decrease of 9.65%. Profit before tax reached $250.2 million (2019: $413.6 million), while pre-tax profit margin was recorded at 19.2% (2019: 29.1%) Operating highlights: • Number of aircraft acquired: 38 (owned: 23; managed: 15) • Number of aircraft sold: 28 (owned: 14; managed: 14) • Lease agreements and extensions signed: 125 (owned: 109; managed: 16) • Fleet Utilization: 98.2% (Year-end 2019: 100%) Firoz Tarapore, Chief Executive Officer of DAE, said: “2020 was an extraordinary year with the pandemic impacting air traffic demand and airlines’ need for aircraft. In this difficult environment, DAE demonstrated the power of its franchise by (a) using our liquidity position to assist custom ....