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MANNAI BOARD RECOMMEND CASH DIVIDEND

Company: Mannai Corporation
Release Date: March 3, 2014

Qatar, 3 March, 2014 – Following Mannai Corporation QSC (Qatar Exchange: MCCS), Board meeting held on Thursday, 27/02/2014, the company today announced its results for the period ended 31st December, 2013.

 Financial Highlights on a consolidated basis reflected Group Revenues up 17.5% to QR 5.6 Billion (FY2012: QR 4.7 Billion) and Group Net profit growing up by 16.3% to QR 539 Million (FY2012: QR 464 Million).

Due to the Company’s continued strong profit performance during 2013 Mannai Board recommended in the meeting a cash dividend of 55% to shareholders, being QR 5.5 per each share owned.

These recommendations will be submitted for approval by the annual general assembly meeting to be held on Sunday, March 23, 2014 at 06.00 p.m. at Al-Silia Ballroom, Grand Hyatt Hotel to which all shareholders are invited.

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