Fuwairit

Milaha, Mitsui, Nippon and Kawasaki Successfully Secure US $425 Million in Ship Refinancing

Qatar Shipping, a wholly owned subsidiary of Milaha, has secured a 12 year US $425 million (equivalent to QAR 1.55 billion) fixed-term ship financing facility with a consortium of the following banks:  The Bank of Tokyo Mitsubishi UFJ, Ltd., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation Europe Limited, Sumitomo Mitsui Trust Bank, Limited, Mitsubishi UFJ…

“Seatrade Outstanding Achievement Award” presented to Milaha’s President & CEO, Mr. Khalifa Ali Al-Hetmi, by Sheikh Khalil bin Ahmad al-Salmi, Deputy CEO at Oman Drydocks Company.

Milaha Wins Big at Seatrade Middle East Awards

Milaha received two major accolades at the recent Seatrade Middle East and Indian Subcontinent Awards 2013 held in Dubai. Known as the “Oscars” of the maritime world, the awards were presented at a glittering gala dinner attended by more than 800 leaders and senior executives from the region’s maritime sector. Milaha’s President & CEO, Mr.…

Milaha Profit Grows 22% For YTD 2013

Qatar Navigation (Milaha) Q.S.C. today announced its financial results for the 9 months ended September 30th, 2013. Summary financial results are as follows: Operating revenues of QR 1.69 billion vs. QR 1.70 billion for the same period in 2012, a decrease of 0.2% year over year. Operating Profit of QR 569 million vs. QR 436…

Sheikh Ali bin Jassim bin Mohammad Al-Thani, Chairman of the Board of Directors

Milaha Receives QFMA Approval For Share Re-Purchase

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…

Ali bin Jassim bin Mohammad Al-Thani

Milaha Holds Successful Ordinary AGM

Qatar Navigation (Milaha) Q.S.C. announced that its Ordinary General Assembly, in its meeting on March 31, 2013 approved the company’s audited financial results for the year ended 31 December 2012, one of the items on its agenda. The General Assembly ratified all the remaining items on its Agenda including the proposal by the Board of…