Qatar’s Mannai Corporation steps up stake in Damas jewellery
The QE 20 Index declined by 0.30 per cent to 11,690.49 points on Tuesday, February 18. Doha Insurance dived 9.97 per cent to QAR27.55. Mannai Corporation surged 5.20 per cent to QAR103.10. Earlier in the day, Mannai said in a filing to the bourse in Doha that it increased its stake in Dubai-based regional jewellery retailer Damas to 81 per cent, from 66 per cent through acquiring a direct 15 per cent shareholding in its indirect subsidiary, Golden Investments Holdings Limited – a holding company for Damas incorporated in the Dubai International Financial Centre.