The Board of Directors of Qatar Navigation decided to reduce the company’s capital by canceling the 9,087,250 treasury shares, bringing the authorized and paid-up capital to 1,136,164,750 Qatari riyals.

28-07-2021


Qatar Navigation Company Q.P.S.C. (Milaha) announced the Board of Directors’ Decision No. 5 adopted at the meeting No. (4/2021) held on July 15, 2021 to reduce the capital by canceling the 9,087,250 treasury shares with a nominal value of 1 Qatari Riyal per share, so that the authorized capital and paid up became QR 1,136,164,750 and the issued shares are 1,136,164,750 shares with a nominal value of 1 QR per share.
We will follow the legal procedures stipulated in the laws in force in the State of Qatar, especially Articles 201 to 204 of Law No. 11 of 2015 issuing the Commercial Companies Law, in order to complete the process of canceling shares and reducing capital.


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