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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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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.
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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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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.
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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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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
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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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Marine & Technical Services
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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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Offshore & Marine
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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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Gas & Petrochem
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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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Capital
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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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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.
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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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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
General
Milaha Announces a 2% Growth in its Net Profit for 2023, Reaching QR 1.03 billion
5 February 2024February 5, 2024 - Doha, Qatar - - Qatar Navigation Q.P.S.C. (“Milaha”) today announced its financial results for the year ended December 31, 2023.
Key financial highlights:
- Operating revenues of QR 2.942 billion for the year ended December 31, 2023, compared to QR 3.285 billion for the same period in 2022
- Operating profit before impairments of QR 436 million for the year ended December 31, 2023, compared to QR 487 million for the same period in 2022
- Net profit of QR 1.030 billion for the year ended December 31, 2023, compared to QR 1.013 billion for the same period in 2022
- Earnings per share of QR 0.91 for the year ended December 31, 2023, compared to QR 0.89 for the same period in 2022
Milaha Maritime & Logistics’ net profit decreased by QR 330 million compared to the same period in 2022, mainly due to weakened container shipping rates compared to near record highs in 2022, and reduced volumes.
Milaha Gas & Petrochem’s net profit increased by QR 108 million compared to the same period in 2022, mainly due to non-recurrent vessel impairments that were recorded in 2022 and improved performance from wholly owned vessels.
Milaha Offshore’s net profit increased by QR 87 million compared to the same period in 2022, driven by increased vessel utilization, specialized services, and project income.
Milaha Capital’s net profit increased by QR 149 million compared to the same period in 2022, driven by an increase in investment income and a non-recurrent real estate property impairment recorded in 2022.
Milaha Trading’s bottom line increased by QR 3 million compared to the same period in 2022, coming from increased margins of bunker and related ancillary services, along with higher marine product sales.
The Board of Directors invites all Shareholders to the Ordinary Annual General Assembly meeting, that will be held on Tuesday, March 5, 2024, at the Company’s Head Office, located in Ein Khaled (Industrial Area St. No. 100, Area 56, Zone E). In-person registration will begin one hour before the meeting at 3:30 pm, during which those registered can receive a Zoom link to attend the meeting. The meeting will begin at 4:30 pm after registration is complete.
The company will conduct an investor conference call on Wednesday, February 7th, 2024 at 14:00 Doha time, to further discuss its results. The conference call may be accessed by telephone by dialing Qatar Toll Free Number: 00 800 101 734 and entering the Conference ID: 6581731. Further information can be found on our website www.milaha.com.