Mannai owes its success and continued market leadership to shared values, core competence in commerce and technology, and an unending spirit of innovation in all aspects of corporate life. Our purpose is to deliver superior, long-range economic benefits to customers, shareholders, employees, and the communities in which we operate. 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.
The Mannai Corporation celebrated its 50th Anniversary in 2000 as one of the largest Trading and Services Company in Qatar. From humble beginnings as an auto parts trader established by Mr. Ahmed Abdullah Mannai, the Mannai Group grew to encompass activities ranging from offshore rigs to telecommunications, with interests in many parts of the world. With the growing importance of Qatar's economy, the group refocused its business in 2001 by divesting all its overseas interests and reducing its dependence on cyclical, asset-heavy activities. The goal of restructuring was achieved in 2004 when the trading and services subsidiaries proved their capability of delivering sustainable quality earnings to shareholders. In December 2005, Mannai Corporation became a member of the QIPCO Holding when a majority of its equity was acquired by Qatar Investment & Projects Development Holding Company. In August 2007 Mannai Corporation became a Public Company and its shares were listed on the Qatar Exchange. QIPCO Holding remains Mannai’s largest shareholder.
Mannai Corporation QSC is committed to having a high level of corporate governance practices and procedures in a way which maintains the company’s standards and enhances shareholder value. Accordingly the Board of Mannai Corporation has begun structuring its corporate governance procedures in line with the principles of the Code. Where areas of the Code may require amendments to the Company’s Articles of Association the Company is awaiting the finalized edition of the code, after the transition period, before the Board considers any necessary changes to the Company’s bye-laws.