The shares of Mannai Corporation, one of Qatar’s leading trade and services groups, began trading on the Doha Securities Market (DSM) today.
Mannai Corporation covers a diverse range of activities including automotive, heavy equipment, IT systems, engineering services, travel, soil investigation, facilities management, consumer products, medical equipment and oil & gas and utilities representation.
In an announcement to the press H.E. Sheikh Hamad Bin Abdulla Bin Khalifa Al Thani, Chairman of Mannai Corporation commented that this is another important milestone in the long history of the Mannai Corporation and a model of converting a family business into a Public shareholding company ensuring continuity and Sheikh Hamad thanked the DSM for their co-operation with Mannai Corporation, which reflects confidence in the direction the company is taking.
Sheikh Hamad said the company looks forward to continuing to play an active part in Qatar’s growing economy under the guidance of HH Sheikh Hamad Bin Khalifa Al Thani and the Heir Apparent HH Sheikh Tamin Bin Hamad Al Thani.
At the press conference hosted by the DSM, Keith Higley Managing Director of Mannai Corporation highlighted the financial performance of the company.
Sales revenue grew by 53% in the first 6 months of 2007 compared to the same period in 2006.
The net profit for the first 6 months was QR 50.12 Million, an increase of 39% above the corresponding period last year.
Earnings per share was QR 4.81 for the 6 month period ended 30th June, 2007.
Higley commented that joining the DSM was a very proud moment for Mannai Corporation.