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

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.