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Trading on Mannai Corporation Shares Suspended

Doha, August 09 (QNA) – Qatar Exchange announced on Thursday that trading on Mannai Corporation shares is suspended, because the financial statements for the first half of 2012 were not provided.  In a press release, Mannai Corporation had announced that August 8 was a deadline to disclose the financial reports for the period ending on 30/06/2012. In August 2007 Mannai Corporation became a Public Company and its shares were listed on the Qatar Exchange.
The company is broadly divided into two key activities, Trade and Services. With businesses spanning the oil and gas sector, automotive distribution, information and communication technology, consumer products, travel services, logistics and representation, the company provides a large spectrum of services and solutions to a fast-growing client base.

Mannai Corp. Semi Annual Financial Statements

Mannai Corporation has disclosed the semi annual financial statements for the period ending June 30, 2012. The reviewed financial statements for the period ending June 30, 2012 revealed a net profit of QR 168.6 Million in comparison to QR 140.5 Million for the same period last year, the company said  in a statement on Thursday.
The company’s Earning per Share (EPS) amounted to QR 4.93 as of June 30, 2012 versus QR 4.93 for the corresponding period in 2011.
 The Board of Directors of Mannai Corporation Recommended to the Extraordinary General Assembly of shareholders to increase the share capital of the company by rights issue to company shareholders, the statement added.
The company called  for an Extraordinary General Assembly to be held on Monday, 22/10/2012 to consider the proposed increase in share capital or, if the quorum is not complete for such meeting, on Sunday 04/11/2012.
Earlier in the day Qatar Exchange announced that trading on Mannai Corporation shares is suspended, because the financial statements for the first half of 2012 were not provided. (QNA)

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