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Mannai Declares 50% Cash Dividend

Company: Mannai Corporation
Release Date: October 1, 2009

Following Mannai Corporation’s Board Meeting on Tuesday 2nd 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.

The company’s strong growth trend continued into 2009; as Net profit increased by 26% from QR 146.5 Million in 2008 to QR 184.2 Million in 2009.

Earnings per share increased from QR 9.25 in 2008 to QR 11.63 in 2009. The strong performance enabled the Directors to recommend a cash dividend of QR 5.00 per share being 50% of the nominal value of the share capital of the Corporation and one Bonus share for every two shares held.

With its strong financial position and diversity of business, the company remains positive regarding its outlook for 2010.

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