Mannai Corporation

What Mannai Corporation does

Mannai Corporation QPSC is a Doha-headquartered, QSE-listed (ticker: MCCS) diversified conglomerate founded in 1950 and majority-owned by QIPCO Holding since 2005. It operates Trade and Services divisions spanning Information and Communication Technology (Mannai Networks, Mannai InfoTech, Mannai TechHub, and Mannai IT Solutions — a Qatar-leading 30-year systems integrator for enterprise and government), Automotive distribution and rentals (Cadillac, GMC, Subaru, BYD, JAC, plus heavy equipment), Jewellery (33% retained stake in Damas International after the 2026 Titan sale of 67%), Energy and Industrial Markets (HVAC, electrical, oil and gas, infrastructure supply), Engineering services (Manweir), Travel (IATA-accredited with exclusive BCD Travel and Virtuoso partnerships), Logistics (exclusive Hellmann Worldwide Logistics representation), Geological and Material Testing (Gulf Laboratories), Facility Management (Mannai Energy), and Home Appliances/Telecom retail (Mannai Home, Axiom Telecom at 35%).

The company monetizes through a mix of enterprise multi-year B2B and government contracts, retail showroom sales across automotive, jewellery, and electronics, and fees from professional services in engineering, testing, travel management, and logistics. Pricing is not publicly disclosed; ICT engagement is anchored by a QR 5bn order book entering 2026, and the segment contributed 64% of FY2025 revenue of QR 5.1B (~$1.04B), with Q1 2026 revenue at QR 1.3B, up 29% year-over-year. Distribution is highly physical — 251 Damas stores, 525 Axiom Telecom locations, automotive showrooms across Qatar, plus regional hubs in Dubai (Damas), Riyadh (ICT, launched June 2026), and Ras Laffan (Manweir engineering).

The company is in mid-execution of a strategic refocus: capital from the 2022 Inetum divestiture and the 2026 Damas sale (~$283M) is being redirected toward ICT in Qatar and Saudi Arabia, an AI-enabled data services partnership with iByond Holdings covering MENA and India, and a 10-year Sulzer engineering service alliance. Under Group CEO Alekh Grewal (appointed October 2024), the announced strategy explicitly pairs Qatar National Vision 2030 alignment with a Saudi-led geographic expansion thesis.

Name

Mannai Corporation

Legal name

Mannai Corporation QPSC

Website

https://mannai.com

Company type

Public

Founded year

1950

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Mannai Corporation is a Qatari-listed (QSE: MCCS) diversified conglomerate founded in 1950, serving governments, enterprises, and consumers across the GCC and selectively in India through nine divisions spanning ICT systems integration, automotive, jewellery (Damas), engineering, travel, logistics, industrial supply, testing, and facility management.

Ownership category

akta.pro rank

NAICS

Other Commercial Equipment Merchant Wholesalers (42344), Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (42343), Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers (423810)

SIC

Wholesale-Professional & Commercial Equipment & Supplies (5040), Wholesale-Computers & Peripheral Equipment & Software (5045), Wholesale-Machinery, Equipment & Supplies (5080)

akta.pro primary industry

Wholesale/B2B Generalist Marketplaces (CRAFAAAF)

akta.pro secondary industries

Office Supplies, IT & Workplace Procurement Marketplaces (CRAFAHAF), Purchase-to-Pay (P2P) Operations (BPAAAJAA), Consumer Packaged Goods (CPG) & FMCG (TLAIALAH)

Keywords

• Systems integration services
• Automotive distribution
• Luxury jewellery retail
• Industrial equipment supply
• Corporate travel management

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Information and Communication Technology: Systems integration, enterprise IT services, infrastructure solutions, managed services. ICT contributed 64% of total group revenue in 2025 with order book standing at QR5bn
2. Automotive Distribution: Distribution of passenger vehicles (Cadillac, GMC, Subaru, BYD, JAC), commercial vehicles, heavy equipment, and automotive rental services
3. Jewellery Retail: Retail of luxury jewellery through Damas brand stores across GCC countries. Mannai retains 33% stake following Titan's acquisition of 67% in February 2026
4. Energy & Industrial Markets: Supply of industrial products to oil and gas, construction, infrastructure sectors including HVAC, electrical, mechanical materials, tools and machinery
5. Geological and Material Testing: Ground investigation, borehole drilling, laboratory testing services for construction and petroleum sectors
6. Travel Services: IATA-accredited travel agency providing corporate and leisure travel, visa services through VFS Global partnership, airline ticketing
7. Logistics: Freight forwarding (sea, air, road), warehousing, customs clearance through exclusive partnership with Hellmann Worldwide Logistics
8. Engineering Services: Advanced machining, fabrication, welding, field services, calibration, oilfield products for oil and gas sector through Manweir subsidiary
9. Facility Management: Integrated facility management and maintenance solutions through Mannai Energy including technical, soft services, airport services
10. Retail/Home Appliances: Distribution and retail of home appliances, electronics through Mannai Home and Axiom Telecom (mobile telecommunications devices)

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels4 records

Core offering

Mannai Corporation QPSC is a diversified Qatari conglomerate operating across Trade and Services activities. It distributes passenger and commercial vehicles and heavy equipment, retails luxury jewellery through Damas, supplies industrial and energy-sector equipment (HVACR, oil and gas, electrical, infrastructure), provides ICT systems integration and managed services, delivers travel management and logistics, performs engineering and oilfield services through Manweir, runs geological and material testing through Gulf Laboratories, and offers facility management and home appliance retail. Its largest revenue contributor is the ICT systems integration division (64% of 2025 group revenue), followed by automotive distribution and jewellery retail.

Product overview

Mannai Corporation QPSC is a diversified Qatar-based conglomerate operating across multiple business divisions. The company provides a broad spectrum of products and services organized into two key activities: Trade and Services. The core divisions include Information and Communication Technology (Mannai Technologies with sub-brands Mannai Networks, Mannai InfoTech, Mannai TechHub, and Mannai IT Solutions), Automotive (sales, rental, and heavy equipment), Jewellery (Damas International with 251 stores across GCC), Energy & Industrial Markets (infrastructure, oil & gas, HVACR, electrical), Geological and Material Testing (Gulf Laboratories), Travel (Mannai Air Travel, Mannai Holidays, Space Travel), Logistics (Qatar Logistics via Hellmann partnership), Engineering (Manweir), Retail (Mannai Home, Axiom Telecom), and Facility Management (Mannai Energy). The company also holds a 33% stake in Damas International following Titan's acquisition of the majority stake.

Differentiator

Problem solved

Functional benefit

Brands

• Mannai Auto Sales: Vehicle sales division offering wide range from compacts to luxury passenger cars, commercial vehicles, and used cars.
• Mannai Auto Rent
• Heavy Equipment Group (HEG)
• Damas
• Mannai Holidays
• Space Travel
• Space Cargo
• Mannai Networks
• Mannai InfoTech
• Mannai TechHub
• Mannai IT Solutions

Quantifiable outcome

• QR5bn ICT order book demonstrates strong pipeline and market confidence
• +1 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

20 partnerships are on record, tiered flagship, strategic, core and minor.

• VirtuosoflagshipStrategic or Co-development Partner · 1 January 2026Exclusive partnership making Mannai Travel the first and only Virtuoso member in Qatar, providing access to Virtuoso's global network of premium travel suppliers and reinforcing luxury travel sector leadership
• iByond Holdings Inc.strategicStrategic or Co-development Partner · 20 November 2025Strategic partnership to accelerate digital transformation in MENA region and India, focusing on deploying advanced AI-driven data management solutions across critical infrastructure and enterprise markets
• SulzerstrategicStrategic or Co-development Partner · 22 April 202510-year strategic service partnership between Sulzer and Manweir (Mannai's engineering subsidiary) to enhance availability and quality of maintenance services for customers in Qatar's oil and gas sector
• Google CloudcoreTechnology or Integration · 13 April 2025Mannai InfoTech recognized as 2025 Google Cloud Country Partner of the Year for Middle East, delivering cloud solutions and digital transformation programs
• Rockwell AutomationstrategicTechnology or Integration · 3 November 2024Mannai InfoTech secured exclusive software distributorship with Rockwell Automation for Qatar, transforming industrial landscape through automation solutions
• OraclecoreTechnology or Integration · 11 September 2024Mannai InfoTech provided The Group Securities with Oracle Exadata database solution, described as the most powerful database platform
• BUSINESSNEXTstrategicStrategic or Co-development Partner · 29 August 2024Strategic partnership to drive digital transformation in Qatar's banking sector
• Google CloudcoreTechnology or Integration · 21 April 2024Mannai InfoTech won 2024 Google Cloud Sales Partner of the Year MENAT Award for sales excellence
• LiferaystrategicTechnology or Integration · 9 October 2023Partnership to strengthen customer experiences with the arrival of Google Cloud region in Qatar, offering digital experience platform solutions
• Wizard CyberstrategicTechnology or Integration · 25 July 2023Partnership between Mannai-Microsoft Solutions and Wizard Cyber to revolutionize cybersecurity in Qatar
• HuaweistrategicTechnology or Integration · 1 February 2020MoU signed to explore intelligent computing and innovation, bringing digital services to more people and organizations in Qatar
• DraegerstrategicChannel Partner/ Reseller/ Distributor · 1 November 2019Mannai Trading Company appointed as Draeger Partner for Healthcare solutions in Qatar, enhancing solution offerings in medical equipment
• fmeminorStrategic or Co-development Partner · 1 June 2019Strategic partnership for content migrations in Qatar and Middle East, supporting enterprise content management solutions
• BCD TravelcoreChannel Partner/ Reseller/ DistributorExclusive partnership making Mannai Travel the sole representative of BCD Travel in Qatar. BCD is a world leader in Corporate Travel Management with presence in 106 countries, providing unmatched global reach and comprehensive travel solutions for corporate customers
• VFS GlobalcoreChannel Partner/ Reseller/ DistributorExclusive local representative for VFS Global in Qatar, processing visa applications for 15 missions including UK, Canada, Australia, Germany, and other countries
• Hellmann Worldwide LogisticscoreChannel Partner/ Reseller/ DistributorExclusive partnership enabling global freight forwarding services through 157 countries supported by over 20,000 industry experts
• Thomas CookstrategicChannel Partner/ Reseller/ DistributorMannai Travel is General Sales Agent for Thomas Cook in Qatar, accessing integrated travel services including foreign exchange, corporate travel, MICE, leisure travel across 25 countries
• SOTCstrategicChannel Partner/ Reseller/ DistributorFull-fledged association with SOTC for escorted group tours, customized holidays, and incentive travel with over 70 years of experience
• Rail EuropeminorChannel Partner/ Reseller/ DistributorKey partner for rail travel across Europe offering tickets and passes for 25,000 destinations and 11,000 routes in over 30 countries
• Flexible AutosminorChannel Partner/ Reseller/ DistributorUK leading trade-only car hire broker represented in Qatar, offering competitive prices in over 170 countries through brands like Alamo, AVIS, Hertz, Enterprise, Europcar

Scale indicators14 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Al-Futtaim Group: UAE-based diversified conglomerate operating across automotive distribution, retail, real estate, and financial services. Highly comparable as a GCC-headquartered multi-sector trading and distribution group with similar automotive franchise model and large-scale enterprise operations.
• Aramex: Middle East-headquartered logistics and freight forwarding company with global operations. Comparable to Mannai's Qatar Logistics division as a regional logistics/freight forwarding player, though Aramex is a larger publicly-listed specialist.

Direct peers

• Ali & Sons Holding: UAE-based diversified group with automotive distribution (GM, Subaru), oil & gas services, marine, and industrial equipment supply. Closely parallels Mannai's mix of automotive distribution, oil & gas engineering (Manweir), and industrial wholesale operations in the Gulf.
• Gulf Business Machines (GBM): IBM's exclusive regional distributor and systems integrator across the Middle East. Directly comparable to Mannai Technologies' ICT systems integration business with similar enterprise/government customer base and similar multi-vendor hardware/software integration model.
• Kanoo Travel: One of the largest travel management companies in the Middle East, with IATA-accredited corporate and leisure travel services. Comparable to Mannai Travel division's IATA-accredited travel agency model with similar BCD/corporate partnerships.

Regional players

• Al Bawardi Group: Saudi conglomerate operating in construction, oil & gas services, industrial equipment, and trading. Comparable as a GCC industrial/trading conglomerate with similar oil & gas sector exposure and government-aligned contracting.
• Darwish Holding: Qatar-based conglomerate operating across real estate, contracting, automotive (Volvo trucks), electronics retail, and hospitality. Comparable as a Qatar-headquartered diversified trading group with similar franchise distribution model.
• Arabian Industries Group: Qatar-based engineering, procurement, construction, and facility management services company. Comparable to Mannai Energy's facility management and Manweir's engineering services for oil & gas sectors.
• Jumbo Electronics: UAE-based distributor and retailer of electronics, home appliances, and IT products, including Samsung, Apple, LG. Comparable to Mannai Home and Axiom Telecom's electronics distribution/retail model across the GCC.
• Al Jaber Group: Qatar-headquartered diversified group operating in trading, contracting, manufacturing, and industrial services. Comparable as a Qatar diversified industrial/trading conglomerate with similar scale and government-aligned operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mannai-corporation

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mannai Corporation