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Qatar National Navigation and Transport Co ‘Milaha’
Ratifies All Agenda Items
23 March 2020
Qatar National Navigation and Transport Company ‘Milaha’ announced
that its shareholders’ general assembly, held Sunday, 22 March 2020, has
ratified all the items listed on the meeting’s agenda. The ratification
by the AGM included the company’s audited financial statements for the
year ended 31 December 2019, the Board proposal on the disbursement of
QAR 0.30 dividends per share on the company’s 2019 achieved profits as
well as the appointment of Misters KPMG as the company’s external
auditors to audit 2020 accounts.
Milaha Chairman, H E Sheikh Jassim bin Hamad bin Jassim Jabr Al
Thani, displayed the company’s activities and elaborated on its
financial results for 2019, where the company achieved QAR 547 million
net profit bringing the earnings per share to QAR 0.48.
The Chairman expressed his
satisfaction with that continued development throughout 2019, which came
in line with the company’s long-term strategy to boost its operations
and augment its growth on internal and external levels. The Chairman
stated that on the commercial level, the company was able to expand its
capabilities and its service platform across several core businesses.
That has covered sectors of ; maritime, logistics, naval services and
gas and petrochemicals, including the increase of the company’s
shareholding in Nakilat by 6% within the year, which aided the company’s
success and promoted its
distinctive position as leading local and regional provider of marine and
logistical services.
Forecasting
2020, H E the Chairman said “Milaha will continue to further develop its
facilities and expand its operations and access new markets.
The company will also accelerate
the transformation to digital connectivity to integrate with Qatar’s
supply chain connectivity”.
“As a result of the continued support from the various governmental
entities, Milaha was able to contribute well to the accomplishment of
Qatar View 2030 for a diversified and sustainable economy” he added.
It is worth
mentioning that Milaha, and in a step to ease the distribution of
dividends, has appointed QNB to handle to payment of 2019 dividends to
Milaha shareholders through its spread branch network and through its
electronic systems.