Milaha Discloses Its Financial Statements for Year 2016

February 26,2017

Qatar Navigation (Milaha) disclosedits financial statements for the year ended 31.12.2016. The statements showthat the net profit is QR 711 million compared to a net profit of QR 1,095million for the previous year.

Earnings per Share (EPS) amounted to QR 6.26 for theyear ended December 31, 2016 compared to EPS of QR 9.63 for the previous year.

The Board of Directors decided to recommend to theGeneral Assembly to distribute a 35% cash dividend of the par value of   a share, equivalent to QR 3.5 per share forthe approval at the General Assembly on 15 March 2017