Milaha Reports QAR 648 million in Net Profit for H1 2023
6 August 2023Milaha Reports QAR 648 million in Net Profit for H1 2023 compared to QAR 641 million for the same period in 2022
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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.
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Group CEO’s Message
Welcome to our corporate website. Whether you are a prospective client with a challenging project; an existing partner wanting to get to know us better; or a future colleague looking for new opportunities, I trust you will find what you are looking for here. Since its foundation as Qatar’s first shipping agent in 1957 and the holder of commercial registration number one in Qatar, Milaha has been a pioneer in the local and regional maritime industry. By continuously challenging the status quo, Milaha today is a large, diversified holding company with core interests in maritime transport, logistics, port management, and offshore marine services.
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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.
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Executive Management
Management is about arranging and telling. Our executives always strive to provide an environment of productivity and innovation. Meet our executive members who are the catalyst of change.
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Core Values
We serve every client the best way possible and improve our service every day.
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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.
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History
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Business Areas
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Maritime & Logistics
Type
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Marine & Technical Services
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Offshore Marine
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Gas & Petrochem
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Capital
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Maritime & Logistics
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Investor Relations
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Investor Home
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.
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Investor Home
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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.
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News & Magazine
Services
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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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 2022
3,285
Million QAR20212,784 Million QAR
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Total assets
18,313
Million QAR202117,469 Millon QAR
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Net profit for 2022
1,013
Million QAR2021724 Million QAR
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Earnings per share for 2022
0.89
QAR20200.64 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 Reports QAR 648 million in Net Profit for H1 2023
Milaha Reports QAR 648 million in Net Profit for H1 2023 compared to QAR 641 million for the same period in 2022
In recognition to its commitment and distinguished services in Middle East, Milaha wins “Hino Sales Achievement Award”
In recognition to its commitment and distinguished services in Middle East, Milaha wins “Hino Sales Achievement Award”.
In recognition to its commitment and outstanding services, Milaha wins Award of “Excellence in Maritime Services”.
In recognition to its commitment and outstanding services, Milaha wins Award of “Excellence in Maritime Services”.
For the fourth time in a row, Milaha is the “Silver Sponsor” for Project Qatar 2023 Exhibition
For the fourth time in a row, Milaha is the “Silver Sponsor” for Project Qatar 2023 Exhibition
Milaha collaborates with Google Cloud to accelerate digital transformation, modernize data strategy.
Milaha collaborates with Google Cloud to accelerate digital transformation, modernize data strategy.
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Milaha Reports QAR 648 million in Net Profit for H1 2023
6 August 2023Milaha Reports QAR 648 million in Net Profit for H1 2023 compared to QAR 641 million for the same period in 2022
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In recognition to its commitment and distinguished services in Middle East, Milaha wins “Hino Sales Achievement Award”
11 July 2023In recognition to its commitment and distinguished services in Middle East, Milaha wins “Hino Sales Achievement Award”.