Milaha Announces 9% Growth in its Net Profit for 2024, Reaching QR 1.12 billion
3 February 2025February 2, 2025 - Doha, Qatar - - Qatar Navigation Q.P.S.C. (“Milaha”) today announced its financial results for the year ended December 31, 2024.
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About
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History
Milaha was established in 1957 as a public "shipping agency" characterized at that time with high credibility among its customers. In a short time, Milaha transformed itself into a leading and giant international prestigious company that provides trustworthy "Maritime & Logistics" services that attract its customers' confidence in GCC, the Middle East, and around the globe. As a heavy-scale and pioneering company, Milaha strongly focuses on providing integrated transport, marine services, and supply chain solutions. Milaha has owned an integrated "Shipyard & Fabrication" comprising and operating two floating docks, one Shiplift, and several extensive workshops facilities with the ability to carry dry dock and float repair work for vessels up to 230m LOA. The Shipyard, established in 1978 and located at Mesaieed Industrial City, offers various and efficient maritime services, repair and refit services to all types of vessels and yachts, not only in Qatar but also to entire GCC states and the international vessels dock at Doha ports.
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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Board of Directors
In a world of increasingly complex supply chains, unlocking synergies has been the key driver of our success over the years with each of our 5 strategic business pillars working together harmoniously to ensure every requirement of our clients and partners is satisfied, and every expectation is exceeded. Our reputation comes from our unwavering commitment to safety and quality; our financial and organizational strength; a diverse portfolio of the offering; and, most importantly, our dedicated colleagues.
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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Executive Management
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Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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Core Values
We serve every client the best way possible and improve our service every day.
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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Fleet
When the company’s operations started in 1958, Milaha chartered several tugs and barges. Over the following years, the company’s fleet grew in number, size, and type of vessels, including owning and operating geared bulk and break bulk carriers. With the transformation of global freight and shipping methods from break bulk to containerized cargoes, the company decided to adapt to that change and started a new building campaign focused on a specialized container vessel. Today Milaha owns and operates a fleet of modern specialized container vessels which is among the largest in the Arabian Gulf and provides daily services to Hamad & Mesaieed Ports linking Qatar with the rest of the world.
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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History
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Business Areas
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Maritime & Logistics
Type
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2025-
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Marine & Technical Services
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2025-
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Offshore & Marine
Type
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Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2025-
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Gas & Petrochem
Type
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Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2025-
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Capital
Type
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2025-
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Maritime & Logistics
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Investor Relations
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Overview
Investor relations activities are intended to present shareholders with detailed information and data on Qatar navigation's performance and its achievements during the year, along with outlining major business plans and objectives.
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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Milaha Stock
Investor relations activities are intended to present shareholders with detailed information and data on Qatar navigation's performance and its achievements during the year, along with outlining major business plans and objectives.
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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Financial Information
Investor relations activities are intended to present shareholders with detailed information and data on Qatar navigation's performance and its achievements during the year, along with outlining major business plans and objectives.
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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Shareholder & AGAM
Investor relations activities are intended to present shareholders with detailed information and data on Qatar navigation's performance and its achievements during the year, along with outlining major business plans and objectives.
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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Corporate Governance
Investor relations activities are intended to present shareholders with detailed information and data on Qatar navigation's performance and its achievements during the year, along with outlining major business plans and objectives.
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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Useful Information
Investor relations activities are intended to present shareholders with detailed information and data on Qatar navigation's performance and its achievements during the year, along with outlining major business plans and objectives.
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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Overview
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Media Center
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News & Magazine
Our news blog contains notifications, service updates, industry news and information on what is happening at Milaha.
Updates
Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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Blog
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Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value 6 March 2024-
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News & Magazine
Synchronised Solutions that Mobilise Business
Strive
We serve every client in the best way possible, and improve our service every day.
Inspired
Our history is a source of pride for us, but we also have an eye for the future to leave a valuable legacy.
Synchronized
Our success comes from our collective strength and our ability to work together to solve complete problems and innovate smart solutions.
Committed
Our success comes from our collective strength and our ability to work together to solve complete problems and innovate smart solutions.
Milaha is one of the largest and most diversified maritime and logistics companies in the Middle East with a focus on providing integrated transport and supply chain solutions.
Milaha has a rich history, starting as a shipping agent in 1957, and strategically building a strong regional foothold in transportation and logistics through a growing fleet, state-of-the art equipment, dedicated staff and world-class partners.
- Maritime & Logistics
Integrated Supply Chain Solutions
Milaha Maritime & Logistics delivers integrated supply chain solutions to companies who are industry leaders.
- Offshore & Marine
Offshore Oil & Gas Solutions
Milaha Offshore is a provider of a wide spread of world-class offshore support and subsea services.
- Gas & Petrochem
Marine Energy Transportation
Milaha owns and operates a fleet of Aframax/ LR2 tankers, LNG and LPG/ Ammonia carriers.
- Marine & Technical Services
Marine Services
Focused on providing vessel and industrial equipment owners & operators with comprehensive asset lifecycle services.
Marine Services - Marine & Technical Services
Industrial Technical Services
Milaha provides a wide range of products & services to Qatar's onshore industries.
Industrial Technical Services Industrial Technical Services
- Capital
Real Estate & Financial Investments
Milaha manages a large portfolio of financial and property investments, which help maintain our underlying financial strength.
Real Estate & Financial Investments Real Estate & Financial Investments
What makes us different
We have five strategic business units, offering a broad range of services.
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Fleet Count
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Warehouse
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Port Presence
3.3 Billion QAR
Investment Capital
Investor Relations
- Investor Overview
- Stock information
- Related News
Investor Overview
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Operating income for 2023
2,942
Million QAR20223,285 Million QAR
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Total assets
18,216
Million QAR202218,313 Millon QAR
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Net profit for 2023
1,030
Million QAR20221,013 Million QAR
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Earnings per share for 2023
0.91
QAR20220.89 QAR
Stock information
Related News
Latest News
Our news blog contains notifications, service updates, industry news and information on what is happening at Milaha.
Milaha Announces 9% Growth in its Net Profit for 2024, Reaching QR 1.12 billion
February 2, 2025 - Doha, Qatar - - Qatar Navigation Q.P.S.C. (“Milaha”) today announced its financial results for the year ended December 31, 2024.
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Milaha and ASSC Sign Long-Term Charter Agreement for Eco-Friendly Container Ships
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Qatar Navigation Q.P.S.C. ("Milaha"), the industry-leading provider of maritime and logistics solutions, is excited to announce the expansion of its collaboration with Google Cloud to enhance data and AI capabilities. This collaboration aligns with Milaha’s strategic goals to improve operational efficiency and drive innovation across its services.
Qatar Boat Show Makes Waves as Milaha and QFZ Announce New QAR 80 Million Yachts and Ships Yard at ‘Marsa’ Port in Umm Alhoul Free Zone
Qatar Boat Show Makes Waves as Milaha and QFZ Announce New QAR 80 Million Yachts and Ships Yard at ‘Marsa’ Port in Umm Alhoul Free Zone The agreement aims to create new job opportunities, with a focus on prioritizing the attraction of Qatari talent.
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Milaha Announces 9% Growth in its Net Profit for 2024, Reaching QR 1.12 billion
3 February 2025February 2, 2025 - Doha, Qatar - - Qatar Navigation Q.P.S.C. (“Milaha”) today announced its financial results for the year ended December 31, 2024.
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Milaha Receives 8 Prestigious International Awards from BSC in Domains of Health, Safety, Environmental Management in UK.
12 December 2024The British Safety Council (BSC) has granted 8 outstanding prestigious Awards to Qatar Navigation Q.P.S.C. (“Milaha”), the industry-leading provider of maritime and logistics solutions in Qatar, in recognition of its commitment and continuous efforts to realize excellence performance in domains of health, safety, and environment management.
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