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FINANCIAL NEWS
Qatari Mannai eyes USD600m stakes in overseas business
02 Mar 2015
(MENAFN) Qatari Mannai Corporation is considering majority stakes in business with a total sum of between USD400 million and USD600 million, Gulf News reported.
The Qatari investment firm aims at expanding the proportion of its revenue from international sources to 80 percent, according to its chief executive.
In February 24, the firm registered net profit of USD144.5 million for 2014, marking an 18 percent increase with return equity of 24.3 percent.
“Our thing is not to go for trophy assets but to find sustainable, profitable, growth-generating businesses,” the firm’s chief executive said in a statement.
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