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Mannai says no acquisitions approved currently

Mannai says no acquisitions approved currently
Photo Credit: Arabianeye-Reuters
Mannai
MCCS
0.17% 4.16 0.01


Doha-Mubasher: Mannai Corporation announced in a statement that it plans to diversify its business operations through acquisitions of foreign companies. However, the company did not decide yet on such companies.

The company denied publishing any statement that includes any detailed information about their expected acquisitions.

On another note, the Board recommended the distribution of a cash dividend representing 60% of the nominal value (QAR 6 per share) in the fiscal year (FY) 2014, totaling QAR 27.4 million ($7.5 milllion) in FY13.