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Qatar Exchange rises with regional recovery

Parallel to a general relief rally at GCC markets on Thursday, June 5, the QE 20 Index halted a three-day losing streak and finished 0.68 per cent higher at 13,232.06 points. Mannai Corp failed to join and lost 2.58 per cent to close at QAR113.10.

Earlier in the day, Mannai revealed that its wholly owned subsidiary, Gulf Laboratories, has completed the sale of its 49 per cent shareholding in Transfield Mannai to Cofely Besix Facility Management Ltd LLC.  Mannai, one of the largest trading and service firms in Qatar, remains the owner of 51 per cent of the shares in Transfield Mannai.

Transfield Mannai will be renamed Cofely Besix Mannai Facility Management LLC, following the completion of requisite formalities.

Gérard Al-Fil