(MENAFN- The Peninsula)
The ordinary general assembly meeting of Mannai Corporation has approved the board of directors' recommendation to distribute a cash dividend of 40 percent (QR4.00 per share) to the shareholders.
Speaking on behalf of Sheikh Hamad bin Abdulla bin Khalifa Al Thani, Chairman of the Company, Sheikh Suhaim bin Abdulla Al Thani, said, 'Over the last 10 years the total assets of Mannai have grown from QR1bn to almost QR8bn today, and the capital reserves of the company have increased from QR529m to QR2.58bn in support of that growth.
The Group turnover stood at QR4.88bn at the end of 2016. Net profit for the full-year touched QR535m. The Group's overseas operations contributed 44.53 percent of the overall profit of the Group. Return on Equity is 22 percent, as earnings per share (EPS) is at QR11.73.
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