Doha 1970 Grand Mosque
Doha 1970

Company History

The story of Mannai Corporation

The Mannai Corporation celebrated its 60th Anniversary in 2010 as one of the largest trading and service companies in Qatar. From its humble beginnings as an auto parts trader, 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.

In 2011, Mannai acquired a 35% stake interest in Axiom.

In 2012, Mannai acquired a majority interest in Damas and became a fully owned subsidiary in March 2014.