Jemy Finance Market Research Team At Jemy Trade
September 8, 2025
DOHA – Mannai Corporation QPSC (MCCS), one of Qatar’s leading conglomerates, is scheduled to hold an Extraordinary General Assembly (EGM) today, September 8, 2025, to discuss and vote on the potential sale of a significant asset. This crucial meeting could mark a pivotal moment for the company’s future direction.
The EGM’s primary focus is on a resolution to dispose of a 67% stake in its wholly-owned subsidiary, Damas International Limited. The proposed transaction, if approved, would see Mannai divest from its jewelry retail business and streamline its portfolio.
This strategic move comes as Mannai aims to unlock value from non-core assets and strengthen its financial position. The sale would provide a substantial cash injection, which could be used to reduce debt, fund new growth initiatives, or be returned to shareholders.
For investors, the outcome of this meeting is of high importance. A successful vote would send a clear signal that the company is proactively re-evaluating its business model to better navigate the evolving economic landscape and focus on its core operations in sectors like automotive, IT, and engineering. The market will be closely watching for an official announcement on the results of the EGM and the potential finalization of the sale agreement.
