
Qatar: Mannai enters 75th year, offers 25% cash dividend
Mannai Corporation – which enters its 75th year of business in Qatar, continuing to support the nation's development with its diversified portfolio of trading and services – has reported net profit of QR 171mn in 2024.
As a public listed company, Mannai has continued to deliver shareholder value and maintained a robust year-on-year dividend yield amounting to QR3.9bn cash dividends paid to its shareholders since listing on the Qatar Stock Exchange.
The board had declared a dividend distribution of 25% of the nominal value of the shares, equating to QR0.25 per share.
The group revenue for the year was QR5.6bn, driven by information and communications technology business which contributed 50% of revenues, said Mannai, which last week held its annual general assembly meeting.
Earnings before interest, taxes, depreciation and amortisation (Ebitda) for the period amounted to QR589mn.
© Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (Syndigate.info).
Doha
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
an hour ago
- Zawya
Qatar's QSE records five indirect acquisitions valued at $160.16mln in 2024
QSE-listed companies witnessed five indirect acquisitions valued at QR583mn during 2024 with a vast majority of them overseas, according to the official data. The Qatar Stock Exchange (QSE) listed companies witnessed five indirect acquisitions valued at QR583mn during 2024 with a vast majority of them overseas, according to the official data. 'During 2024, five acquisitions were completed worth QR583mn. Such transactions varied between indirect acquisitions inside and outside Qatar, and included many sectors such as industrials, transportation, banks and financial services,' the Qatar Financial Market Authority (QFMA) said in its latest annual report. Of the five acquisitions, three were indirect inside the country and valued at QR43mn (7% of the total) and were in the banks and financial services, industrials and transportation sectors; while the remaining 93% or QR540mn was for indirect acquisition overseas and in the banks and financial services/industrials sectors. The QFMA, through Securities Offering and Listing Affairs Department as the competent department, receives applications for companies' offering and listing, and applications for acquisition and merger, in cooperation with the 'One Single Window Committee'. It reviews the offering and listing prospectuses in addition to analysing the evaluation reports to verify the eligibility and worthiness of the companies applying for listing in the financial market and the requirements of acquisition and merger transactions, in a manner that ensures the transparency and disclosure required for investors to make their decisions properly. During 2024, the QFMA had received five applications for issuing shares, of which four are still under process; while a decision is pending on another exchange traded fund (ETF) as well as on one real estate investment trust. The QSE already has two ETFs, sponsored by AlRayan Bank and Doha Bank. During 2024, Al-Faleh Educational Holding Company moved from the venture market to the main market. All of the company's shares were listed with its capital of 240mn shares, bringing the number of companies listed on the main market to 52. The QFMA approved the listing of Qatar Electronic Systems Company (Techno Q) on the QSE's venture market. All of the company's shares, with a capital of 84.5mn shares, worth QR245.05mn, were listed directly without offering its shares for public subscription. This listing comes as part of QFMA's efforts to enhance diversity in the market and increase investment opportunities for investors. The listing of Techno-Q on the secondary market enables it to benefit from public funding and expand its investor base, in addition to enhancing transparency and financial disclosure in line with listing requirements. During 2024, as many as 55 government debt instruments were listed, as treasury bills and debt bonds, with a total nominal value of QR51bn. During 2024, the QFMA also issued as many as 56 ISINs: 37 treasury bills, 18 debt bonds and one newly listed company. ISIN or International Securities Identification Number is a 12-character alphanumeric code that uniquely identifies a specific security. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (


Zawya
4 days ago
- Zawya
Qatar: QSE edges lower as foreign funds square off position; M-cap melts $527mln
Qatar - The telecom, consumer goods and insurance counters witnessed higher than average selling pressure as the 20-stock Qatar Index shed 0.56% to 10,558.34 points, although it touched an intraday high of 10,603 points. Ahead of the Eid holidays, the Qatar Stock Exchange (QSE) on Wednesday lost about 60 points, as foreign institutions squared off their position. The telecom, consumer goods and insurance counters witnessed higher than average selling pressure as the 20-stock Qatar Index shed 0.56% to 10,558.34 points, although it touched an intraday high of 10,603 points. The Gulf institutions were seen net profit takers in the main market, which registered 0.12% losses year-to-date. About 64% of the traded constituents were in the red in the main bourse, whose capitalisation melted QR1.92bn or 0.31% to QR624.37bn mainly on account of small and microcap segments. The foreign retail investors turned bearish in the main market, which saw as many as 9,476 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.04mn trade across five deals. The domestic institutions' weakened net buying had its influence on the main bourse, whose trade turnover and volumes were on the rise. The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills. However, the local retail investors turned bullish in the main bourse, which saw no trading of sovereign bonds. The Total Return Index shed 0.56%, the All Islamic Index 0.74% and the All Share Index 0.47% in the main market. The telecom sector index tanked 1.6%, consumer goods and services (0.77%), insurance (0.64%), real estate (0.55%), banks and financial services (0.52%) and industrials (0.16%); while transport gained 0.26%. Major shakers in the main market included Mannai Corporation, Commercial Bank, Vodafone Qatar, Woqod, QIIB, AlRayan Bank, Salam International Investment, Widam Food, Al Faleh Educational Holding, Mesaieed Petrochemical Holding, Qamco, Barwa and Ooredoo. Nevertheless, Meeza, Ezdan, Al Meera, Gulf International Services, Dlala and Nakilat were among the movers in the main bourse. The foreign institutions turned net sellers to the tune of QR55.13mn compared with net buyers of QR12.61mn the previous day. The Gulf institutions were net profit takers to the extent of QR1.62mn against net buyers of QR6.83mn on Tuesday. The foreign retail investors turned net sellers to the tune of QR0.37mn compared with net buyers of QR1.64mn on June 3. The domestic institutions' net buying weakened marginally to QR14.51mn against QR15.53mn the previous day. However, the local individuals turned net buyers to the tune of QR36.06mn compared with net sellers of QR33.75mn on Tuesday. The Gulf individual investors' net buying strengthened significantly to QR3.46mn against QR0.99mn on June 3. The Arab retail investors were net buyers to the extent of QR3.09mn compared with net sellers of QR4.16mn the previous day. The Arab institutions had no major net exposure against net buyers to the tune of QR0.32mn on Tuesday. The main market saw a 15% jump in trade volumes to 211.05mn shares, 13% in value to QR494.25mn and 84% in deals to 40,999; while there was no trading in the venture market. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (


Zawya
5 days ago
- Zawya
Qatar's QSE index closes higher
Doha: The Qatar Stock Exchange (QSE) general index closed Tuesday's trading higher by 133.960 points, or 1.280 percent, to close at 10,618.02 points. During the session, 184,242,725 shares, valued at QAR 439,346,781.170, were traded in 22,265 transactions across all sectors. Shares of 42 companies rose, while five companies saw a decline in their share price, and four companies maintained their previous closing price. Market capitalization at the end of the trading session amounted to QAR 626,293,430,178.708, compared to QR 620,602,322,342.119 in the previous session. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (