Ali bin Jassim bin Mohammad Al-Thani

The Board of Directors of Qatar Navigation Q.S.C. met yesterday on March 16, 2011 and approved the financial statements for the year ended December 31, 2010.

The Board of Directors also decided to recommend to the General Assembly to distribute a cash dividend of 40% of the share face value (QR 4 for each share).

Qatar Navigation’s Ordinary General Assembly Meeting is going to take place at 4 pm on April 6, 2011 at the Great Room, W Hotel Doha as previously announced.

Qatar Navigation’s financial statements revealed the following for the year ended December 31, 2010:

2009 (in millions of QR)
2010 (in millions of QR)
Revenue
1,189
1,885
EBITDA
1,429
604
Net profit
1,099
479
Earnings per share
9,59
6,56