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.