GIS confirms acquisition of Amwaj at an advanced stage

GIS confirms acquisition of Amwaj at an advanced stage

27-03-2012

DOHA, QATAR – Gulf International Services (“GIS” or the “the group”; QE: GISS), the largest service group in Qatar, with interests in a broad cross-section of industries, ranging from insurance, re-insurance, fund management, onshore and offshore drilling, and helicopter transportation, confirmed the impending completion of the group's proposed acquisition of Amwaj Catering Services.

In a brief statement to the Qatar Exchange, Mr. Ebrahim Al-Mannai, Chief Coordinator, Gulf International Services stated, “The group received clearance and approval from the Qatar Financial Markets Authority to proceed with the proposed acquisition after the close of trading on Monday, March 26 2012, and we can confirm that the deal is now entering an advanced stage.  Further details will be provided as they are available."

Amwaj Catering Services Company is a hospitality service provider primarily dedicated to the Qatar Petroleum group of companies.  The company is currently a wholly owned subsidiary of Qatar Petroleum and was established in 2006.

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