Egyptian investment bank EFG-Hermes has agreed to sell its 19 percent stake in United Arab Emirates jeweller Damas to Qatar's Mannai Corp for $150 million, a source familiar with the deal said on Wednesday.
Mannai and EFG-Herm
Mannai Trading Company’s IT networks and telecom division (NetworkX) won three major awards at the Cisco Partner Summit which was held in Boston recently.
During the summit’s Geographical Region Awards, the company was
Qatar's Mannai Corp and Egyptian investment bank EFG Hermes have taken control of Dubai's Damas after their consortium's $445 million offer was accepted by more than 75 per cent of the jeweller's shareholders.
The bidders h
Mansoft Qatar, a subsidiary of Mannai Corporation, opened its Mansoft-EMC Velocity Signature Solution Centre, at an event today.
The centre replicates a framework of technology that demonstrates EMC Proven Solutions in approved environment
Qatari conglomerate Mannai Corp and Egyptian investment bank EFG Hermes have agreed a $0.45 per share recommended cash bid for Dubai jeweller Damas.
In a joint statement, Mannai and EFG Hermes said irrevocable undertakings had been secured
UAE jeweller Damas International has appointed Japan's Nomura to advise it on a potential offer from Qatari conglomerate Mannai Corp, three sources familiar with the matter said on Wednesday.
Mannai, whose operations span the oil and
Dubai Holding, the conglomerate owned by the ruler of Dubai, sold a 14 percent stake in Axiom Telecom as part of Qatar Mannai Corp's purchase of stake in the Dubai-based mobile phone retailer, it said.
Axiom sold a 35 percent stake to
Axiom Telecom, a leading Dubai-based multi-brand distributor of mobile devices, has closed a private placement deal to sell a 35 per cent stake in the company to Mannai Corporation, a diversified business house in Qatar.
“This is another m