Halul Offshore Services Company, a wholly owned subsidiary of Milaha (previously known as Qatar Navigation), has secured an eight year US$ 60 million (equivalent to QAR 220 million) ship financing facility with Sumitomo Mitsui Banking Corporation (SMBC). Proceeds from the facility will be utilized by Halul to fund its ambitious…
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 Navigation (Milaha) Q.S.C. announced that its Ordinary General Assembly, in its meeting on April 15, 2012 approved the company’s audited financial results for the year ended 31 December 2011, one of the items on its agenda. The General Assembly ratified all the remaining items on its Agenda including the…
Qatar Navigation (Milaha) Q.S.C. today announced its financial results for the first quarter of 2012. The group declared a net profit of QR 284 million for Q1 2012, an 8.5 percent increase over Q1 2011. The group’s consolidated operating revenue in the first quarter of 2012 was QR 640 million.…
Milaha, formerly known as Qatar Navigation, announced an important addition to the company’s executive leadership team. Michel Deleuran, until recently a senior executive at A.P. Moller – Maersk, has joined Milaha as Executive Vice President, Maritime Operations. Deleuran was most recently Group Senior Vice President and Chief Executive, North Europe…