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ANNUAL GENERAL ASSEMBLY 21st MARCH, 2018

Company: Mannai Corporation
Release Date: March 22, 2018

Mannai Corporation QPSC   (Qatar Exchange: MCCS), Ordinary General Assembly meeting was held at Grand Hyatt Hotel, Doha at 6.30 p.m.

H.E. Sheikh Suhaim Bin Abdulla Bin Khalifa Al Thani, Vice Chairman of the Company, Chaired the meeting and highlighted the company’s financial performance in 2017.

Financial Highlights:

  • Group Turnover : QR 7.04 Billion.
  • EBITDA for the year : QR 850 Million.
  • Pre-Tax Profit : QR 553 Million.
  • Return on Equity is 18%.
  • Earnings Per Share : QR 11.09

On behalf of the H.E. Sheikh Hamad Bin Abdulla Bin Khalifa Al Thani, Chairman of the Company, H.E. Sheikh Suhaim Bin Abdulla Al Thani, said “To put 2017 performance in a broader context the Compound Annual Growth Rate of Mannai’s Net Profits since listing in 2007, including 2017, has been an average of 18% per annum, which has enabled the Board to declare dividends to its shareholders amounting to QR 1.90 Billion over that period”.

H.E. Sheikh Suhaim also said the Board was pleased to recommend dividend of 40% for 2017.  

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