Milaha Ups Its Stake in Nakilat

Qatar-based maritime transport and logistics company Milaha has, through its subsidiary Qatar Shipping Company WLL, increased the company’s stake in compatriot LNG shipping firm Nakilat.

Namely, Milaha entered into an agreement for acquiring the entire stake of Qatar Investment Authority in Nakilat, representing 5.9% of Nakilat’s share capital.

The sale and purchase agreement was conditional on obtaining the consent of the Qatar Financial Markets Authority and the Qatar Central Securities Depositary Company.

Upon the completion of the transaction, Milaha’s stake in Nakilat was increased from 30.3% to around 36.3% of the company’s share capital, according to Abdulrahman Essa Al-Mannai, President and CEO of Milaha Group.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year…

read more >

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >