Mannai Corporation: Reasons for the company's share price dropping to the minimum level


Based on the principle of disclosure and transparency, the management of the Qatar Stock Exchange has addressed the Mannai Corporation regarding the decrease in the share price to the minimum level. The company has stated that it has published its audited financial statements for the fiscal year 2022 on February 26, 2023, accompanied by the invitation to the Ordinary General Assembly meeting to be held on March 20, 2023, during the fiscal year 2022, the company announced interim profits of 315% of the nominal value of the share on September 7, 2022, while the proposed dividend distribution at the end of the fiscal year 2022 was 10% of the nominal value of the share. While the company cannot specifically confirm the reason that led to the decrease in its share price to the minimum level during the period referred to, therefore, the aforementioned reasons may have an impact on the share price drop.


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