Monday, 23 October 2017 05:02 GMT
img

Mannai recommends 55pc cash dividend

(MENAFN - The Peninsula) The board of directors of Mannai Corporation has recommended a cash dividend of 55 percent to shareholders, that is, QR5.5 per each share owned, as the company registered a strong profit performance during 2013.



The company said in a statement that these recommendations will be submitted for approval by the annual general assembly meeting to be held on March 23, 2014 at 6pm at Al-Silia Ballroom, Grand Hyatt Hotel to which all shareholders are invited



Mannai Corporation Group's net profit grew by 16.3 percent to QR539m for the full-year 2013. International acquisitions contributed 61 percent of net profit. The Group's revenue is up 17.5 percent to QR5.6bn for the year compared to QR4.7bn for the same period in 2012



The financial results were announced after the Board of Directors' meeting chaired by Mohamed Al Kubaisi


Mannai recommends 55pc cash dividend