Qatar Navigation Q.S.C. today announced the financial results for the first half of 2011, which ended on June 30. Summary financial results for the first half of 2011 are as follows: Operating revenues of QR 1.1 billion vs. same period in 2010 of QR 1 billion. Operating Profit of QR…
Qatar Navigation has announced a 60 per cent increase in the basic salary and allowance of its Qatari employees. The pay raise decision will be effective from first of September, 2011 in line with the Emiri decision No 50 of 2011. HE Sheikh Ali bin Jassim bin Mohammad Al Thani,…
The Board of Directors of Qatar Navigation (Milaha) Q.S.C. met on March 22, 2012 and approved the financial statements for the year ended December 31, 2011. The Board of Directors also decided to recommend to the General Assembly to distribute a cash dividend of 35% of the face value per…
Qatar Shipping SPC, a wholly owned subsidiary of Milaha (Qatar Navigation QSC), has secured a ten year US $110 million (equivalent to QAR 400 million) ship financing facility with QNB. Proceeds from the facility will be utilized by Qatar Shipping to fund the ongoing construction of 19 harbor assistance vessels.…
Milaha demonstrated its expanding maritime capabilities at the recent Seatrade Middle East Maritime 2012 Conference and Exhibition held in Dubai. From beginning to end, it was a successful showing for Milaha and the rest of Qatar’s contingent of leading companies showcasing their emerging presence in the region’s maritime industry. H.E.…
