07-07-2025
GIS announces plan to list Amwaj on Qatar Stock Exchange
Tribune News Network
Doha
Gulf International Services (GIS), one of the region's leading providers of oil and gas services, has announced a significant development concerning one of its key investments—Amwaj Catering Services Company.
Following the completion of an internal review, GIS revealed that the shareholders of Amwaj Catering Services Company, in which GIS maintains a 30 percent ownership stake, have expressed their intent to initiate the process of listing the catering firm as a Qatari Public Shareholding Company on the Qatar Stock Exchange (QSE).
This planned listing is subject to the completion of necessary evaluations and the procurement of all required regulatory approvals. The announcement marks a strategic milestone not only for Amwaj but also for GIS, which sees the move as a step towards unlocking value for its shareholders and supporting the broader objective of economic diversification in Qatar.
'The shareholder approval to initiate the listing process of Amwaj Catering Services Company represents a pivotal advancement in the company's long-term growth strategy,' GIS stated in a press release. 'This decision is a testament to Amwaj's robust business model, operational excellence, and future growth potential in the catering and hospitality sector.'
Amwaj Catering Services Company has been a key player in Qatar's industrial and commercial catering segment, providing comprehensive catering and associated services to clients across the energy, industrial, and governmental sectors.
GIS, as a strategic shareholder, believes that listing Amwaj on the QSE will not only enhance transparency and governance but will also improve access to capital markets, enabling further expansion and strengthening the company's competitive positioning.
While specific timelines and valuation details have not been disclosed at this stage, GIS confirmed that further information regarding the listing process will be made available in accordance with applicable market regulations and disclosure requirements.
The announcement comes at a time when Qatar's capital market is witnessing growing interest from companies looking to go public, spurred by ongoing reforms and regulatory efforts to deepen and diversify the country's financial sector.
Once listed, Amwaj Catering Services Company will join the ranks of prominent Qatari firms traded on the QSE, contributing to the vibrancy and growth of the local stockmarket.
GIS reiterated its commitment to keeping stakeholders informed and will continue to work closely with all relevant authorities to ensure a smooth and compliant listing process.
