Nakilat announces operating profit of QAR756 million for the year 2013

February 25, 2014 3:42 pm

The Board of Directors of Nakilat held its meeting on Monday 24 February 2014. The meeting was chaired by HE Dr. Mohammed Bin Saleh Al-Sada – Chairman of the Board.

The Board discussed the topics on its meeting agenda, including: the financial results of the Company for the year ended December 31, 2013, where the Company’s operating profit reached QR 756 million, while net profit after derivative instruments’ costs reached QR 730 million.

In this regard, the Board recommended to distribute a cash dividend to the shareholders equal to 11% of the nominal value of its capital, which is equivalent to One Riyal and Ten Dirhams per share. It was also decided to invite the ordinary general assembly to convene on Tuesday March 18, 2014.

In a statement HE the Minister of Energy and Industry, Dr. Mohammed Bin Saleh Al-Sada expressed his sincerest thanks and appreciation to HH Sheikh Tamim Bin Hamad Al Thani, the Emir of the State of Qatar, and to HH Sheikh Hamad Bin Khalifa Al Thani, the Father Emir of the State of Qatar, for the prudent leadership, wise guidance and continuous support, which have allowed Nakilat and with it the State of Qatar’s marine industry to grow and diversify to the great advancement of this nation and with the intention of bringing sustainable benefits to our future generations.