Mannai Corporation

Mannai is listed on the Qatar Stock Exchange, but QIPCO Holding — a family-controlled holding company — holds the 51.21% majority stake and acts as the ultimate parent. The Qatar Investment Authority holds an additional 15.04% as a sovereign investor. This creates a multi-stakeholder board where strategic decisions must satisfy both family interests and institutional minority shareholders.

Mannai gained full control of Damas around 2013 through a multi-stage buyout, consolidating one of the Middle East's largest jewelry retailers under the corporate umbrella. The chain operates roughly 300 stores across the GCC and forms the core of Mannai's luxury retail segment, sitting alongside precious-metals inventory held on the corporate balance sheet.

Khalid Ahmed Al Mannai serves as Vice Chairman of the Executive Committee, representing the founding family in operational governance. The Chairman, Sheikh Hamad bin Abdullah Al Thani, also runs QIPCO Holding, ensuring that the family's controlling entity and the listed corporation maintain aligned leadership without intermediate management layers.

Mannai functions as a hybrid operating-and-holding structure. It directly runs trading divisions — including a heavy-equipment dealership for brands like JCB — while its real estate and jewelry businesses operate as distinct subsidiaries. This means capital allocation combines organic operational reinvestment with balance-sheet acquisitions, rather than a pure family-office mandate.

The firm's directly owned real estate concentrates in Bahrain, with a portfolio that includes Sukoon Tower, Mannai Sea Plaza, Mannai Mansions, and Mannai Suites — all residential or mixed-use properties. Its commercial headquarters occupies a building on East Industrial Street in Doha, Qatar, and a separate mixed-use asset, Mannai Plaza, sits in Bahrain.