Mannai Corporation Grows Net Profit by 25%

Following Mannai Corporation’s Board Meeting on Monday 7th February, chaired by HE Sheikh Suhaim Bin Abdulla Bin Khalifa Al Thani, Vice Chairman of the company, the company issued a statement highlighting its performance.

Despite the global & regional slowdown the company has continued to deliver outstanding results throughout 2010; as Net profit increased by 25% from QR 184.2 Million in 2009 to QR 230.9 Million in 2010.

Earnings per share increased from QR 7.75 in 2009 to QR 9.72 in 2010.  Buoyed by the strong performance the Directors were pleased to recommend a cash dividend of QR 7.00 per share being 70% of the nominal value of the share capital of the Corporation and one Bonus share for every five shares held.

With its strong financial position and diversity of business, the company remains positive regarding its outlook for 2011.

The Corporation’s Ordinary General Assembly and Extraordinary General Assembly will be held at the Al Silia Ballroom, Grand Hyatt Hotel Doha at 6.00 p.m. on Wednesday, 23rd February, 2011 to which all shareholders are invited.