Reflecting its global aspirations, Mannai Corporation last night unveiled its new logo, which the company said also represents its strength, way and a sense of working together, longevity and future.
The logo was unveiled at Mannai Corporations’ AGM here by company vice-chairman Sheikh Suhaim bin Abdulla bin Khalifa al-Thani and Group CEO & Director Alekh Grewal.
Addressing shareholders on behalf of the chairman Sheikh Hamad bin Abdulla bin Khalifa al-Thani, Sheikh Suhaim said the board’s medium term strategy has three main aims - to maintain a strong capital base for growth, expansion of the company’s overseas earnings and the continued development of its core business in Qatar.
Sheikh Suhaim also said Mannai Corporation’s capital and reserves have more than tripled over the last two years from QR457mn in 2010 to QR1.54bn in December 2012, keeping the company’s balance sheet in “good shape to explore future opportunities”.
Grewal said “Mannai’s acquisition in 2012 of a 66% stake in Damas is a defining moment in the history of the company. With this acquisition, the company has taken a major step forward achieving a revenue of over $1.3bn.”
“The acquisition of Damas and the stake in Axiom shows Mannai Corporation’s strategic geographic expansion, while continuing to participate in the major infrastructure development projects in Qatar.
Chairman Sheikh Hamad bn Abdulla bin Khalifa al-Thani said: “As the majority shareholder in Damas since April 2012, the revenue of Damas is consolidated in the Mannai accounts, doubling the company’s sales turnover from QR2.29bn in 2011 to QR4.77bn in 2012.
“More recently in December 2012, Mannai established with the support of General Motors, an initial single Chevrolet dealership in Istanbul as a base on which to build an entry into the Turkish automotive market. These initiatives were possible due to our strong and stable business base in Qatar thanks to the sound financial and economic policies of the Qatari Government under the wise leadership of HH the Emir, Sheikh Hamad bin Khalifa al-Thani, and HH the Heir Apparent, Sheikh Tamim bin Hamad al-Thani.”
Reflecting its global aspirations, Mannai Corporation last night unveiled its new logo, which the company said also represents its strength, way and a sense of working together, longevity and future.
The logo was unveiled at Mannai Corporations’ AGM here by company vice-chairman Sheikh Suhaim bin Abdulla bin Khalifa al-Thani and Group CEO & Director Alekh Grewal.
Addressing shareholders on behalf of the chairman Sheikh Hamad bin Abdulla bin Khalifa al-Thani, Sheikh Suhaim said the board’s medium term strategy has three main aims - to maintain a strong capital base for growth, expansion of the company’s overseas earnings and the continued development of its core business in Qatar.
Sheikh Suhaim also said Mannai Corporation’s capital and reserves have more than tripled over the last two years from QR457mn in 2010 to QR1.54bn in December 2012, keeping the company’s balance sheet in “good shape to explore future opportunities”.
Grewal said “Mannai’s acquisition in 2012 of a 66% stake in Damas is a defining moment in the history of the company. With this acquisition, the company has taken a major step forward achieving a revenue of over $1.3bn.”
“The acquisition of Damas and the stake in Axiom shows Mannai Corporation’s strategic geographic expansion, while continuing to participate in the major infrastructure development projects in Qatar.
Chairman Sheikh Hamad bn Abdulla bin Khalifa al-Thani said: “As the majority shareholder in Damas since April 2012, the revenue of Damas is consolidated in the Mannai accounts, doubling the company’s sales turnover from QR2.29bn in 2011 to QR4.77bn in 2012.
“More recently in December 2012, Mannai established with the support of General Motors, an initial single Chevrolet dealership in Istanbul as a base on which to build an entry into the Turkish automotive market. These initiatives were possible due to our strong and stable business base in Qatar thanks to the sound financial and economic policies of the Qatari Government under the wise leadership of HH the Emir, Sheikh Hamad bin Khalifa al-Thani, and HH the Heir Apparent, Sheikh Tamim bin Hamad al-Thani.”
The directors of Mannai Corporation at the board meeting in Doha yesterday.
