Qatar acquires majority stake in UASC | Qatar acquires majority stake in UASC -
United-Arab-Shipping-Co-uasc

Qatar acquires majority stake in UASC

: Wednesday, July 30 - 2014 @ 17:14

United Arab Shipping Co (UASC) has announced Qatar has bought a 51.3% stake in the Kuwait-headquartered shipping company, Lloyd’s List has reported. Prior to the acquisition, the governments of Kuwait, Qatar, Saudi Arabia, the UAE and Iraq each had a 19.3% stake in the shipping line and Bahrain had a 3.5% shareholding. The change in ownership was the result of Qatar’s contribution to a series of capital increases to support the carrier’s expansion plans, UASC said.

Today's Top Stories

Posted by

Wednesday, July 30- 2014 @ 17:14 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs