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Milaha

Capital

Milaha Receives QFMA Approval For Share Re-Purchase

  5 June 2013

Qatar Navigation (Milaha) Q.S.C. today announced that it has received an approval from the Qatar Financial Markets Authority (QFMA) with regards to the company’s share re-purchase program.

Milaha’s Board of Directors had previously approved the share re-purchase program of up to 5% of the outstanding shares of the company. Now that the company has obtained the necessary approvals, the program will be implemented. The company plans to fund this re-purchase by using its significant investment portfolio.

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