Mannai Corporation Q.P.S.C.
MCCS.QA
Qatar Stock Exchange5.42
QAR
+0.00
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Mannai Corporation Q.P.S.C.
MCCS.QA
(Qatar Stock Exchange)
Recent
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5.42
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div
yld
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ROIC.AI
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- Business
- Mannai Corporation Q.P.S.C. operates as a diversified conglomerate primarily engaged in automotive and heavy equipment distribution and service; information and communication technology (ICT) solutions; retail of jewelry and luxury goods; home appliances and electronics supply; travel management and logistics services; engineering services to the oil and gas sector; and geotechnical, geological, environmental, and material testing services. Its automotive segment offers passenger vehicles, commercial vehicles, heavy equipment, and construction machinery, along with services such as car rental, lease hire, chauffeur, and shuttle services. The ICT segment provides extensive services including application implementation, systems integration, bespoke application development, enterprise resource planning, customer relationship management, hardware and software solutions, cybersecurity, and data management. In retail, Mannai operates significant jewelry brands and high-end luxury items alongside home appliances ranging from built-in kitchen and major white goods to electronics and air conditioners. The group offers comprehensive logistics encompassing sea, air, and road freight, warehousing, customs clearance, and travel support. Engineering offerings include machining, repair, welding, oilfield products and services, calibration, and heavy mechanical repair servicing various industrial sectors across Qatar and the wider region. Founded in 1950 and headquartered in Doha, Qatar, Mannai Corporation functions across multiple industries with a client base spanning governmental bodies, large enterprises, and consumers. In recent developments, Mannai Corporation executed a strategic transaction involving its jewelery retail subsidiary Damas, whereby Titan Company Limited, part of the Tata Group, agreed to acquire a 67% stake in Damas with an option to purchase the remaining 33% at a later stage. This 2025 deal positions Mannai as a strategic partner and signals a realignment designed to enhance market share, operational synergies, and retail growth capabilities in the GCC jewelry sector. Additionally, Mannai has entered a strategic cybersecurity partnership with Resecurity to bolster cybersecurity infrastructure in Qatar, combining advanced technologies with local market expertise. Financially, Mannai Corporation reported a strong performance in 2024 and 2025, with net profits surging by over 60% in the first nine months of 2025, driven mainly by its ICT and automotive sectors. The company approved a significant bond issuance of $600 million planned to support continued growth and expansion across its diverse portfolio of businesses. Mannai Corporation’s integrated business model spans trade and services, aligning with capitalizing on Qatar’s growing economy and infrastructure development. Its key segments include automotive distribution and servicing, ICT solutions and consulting, retail and luxury goods, home appliances and electronics, logistics and freight services, engineering services to oil and gas, and materials testing and environmental services. The company operates primarily in Qatar but maintains regional presence through partnerships and subsidiaries in the Gulf Cooperation Council (GCC) countries. Mannai’s diversified portfolio supports varied market needs, from industrial and infrastructure sectors to consumer retail and advanced technology services. The corporation’s enduring legacy since 1950 reinforces its role as a leading business group in Qatar’s economy, headquartered in Doha. This description reflects Mannai Corporation’s comprehensive product and service offerings and its latest strategic moves including the significant partial divestiture of Damas and cybersecurity partnerships, positioning it for continued diversified growth and market leadership in the region.