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About
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History
Milaha was established in 1957 as a public "shipping agency" characterized at that time with high credibility among its customers. In a short time, Milaha transformed itself into a leading and giant international prestigious company that provides trustworthy "Maritime & Logistics" services that attract its customers' confidence in GCC, the Middle East, and around the globe. As a heavy-scale and pioneering company, Milaha strongly focuses on providing integrated transport, marine services, and supply chain solutions. Milaha has owned an integrated "Shipyard & Fabrication" comprising and operating two floating docks, one Shiplift, and several extensive workshops facilities with the ability to carry dry dock and float repair work for vessels up to 230m LOA. The Shipyard, established in 1978 and located at Mesaieed Industrial City, offers various and efficient maritime services, repair and refit services to all types of vessels and yachts, not only in Qatar but also to entire GCC states and the international vessels dock at Doha ports.
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Group CEO’s Message
Welcome to our corporate website. Whether you are a prospective client with a challenging project; an existing partner wanting to get to know us better; or a future colleague looking for new opportunities, I trust you will find what you are looking for here. Since its foundation as Qatar’s first shipping agent in 1957 and the holder of commercial registration number one in Qatar, Milaha has been a pioneer in the local and regional maritime industry. By continuously challenging the status quo, Milaha today is a large, diversified holding company with core interests in maritime transport, logistics, port management, and offshore marine services.
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Board of Directors
In a world of increasingly complex supply chains, unlocking synergies has been the key driver of our success over the years with each of our 5 strategic business pillars working together harmoniously to ensure every requirement of our clients and partners is satisfied, and every expectation is exceeded. Our reputation comes from our unwavering commitment to safety and quality; our financial and organizational strength; a diverse portfolio of the offering; and, most importantly, our dedicated colleagues.
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Executive Management
Management is about arranging and telling. Our executives always strive to provide an environment of productivity and innovation. Meet our executive members who are the catalyst of change.
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Core Values
We serve every client the best way possible and improve our service every day.
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Fleet
When the company’s operations started in 1958, Milaha chartered several tugs and barges. Over the following years, the company’s fleet grew in number, size, and type of vessels, including owning and operating geared bulk and break bulk carriers. With the transformation of global freight and shipping methods from break bulk to containerized cargoes, the company decided to adapt to that change and started a new building campaign focused on a specialized container vessel. Today Milaha owns and operates a fleet of modern specialized container vessels which is among the largest in the Arabian Gulf and provides daily services to Hamad & Mesaieed Ports linking Qatar with the rest of the world.
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History
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Business Areas
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Maritime & Logistics
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Marine & Technical Services
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Offshore Marine
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Gas & Petrochem
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Capital
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Maritime & Logistics
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Investor Relations
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Investor Home
Investor relations activities are intended to present shareholders with detailed information and data on Qatar navigation's performance and its achievements during the year, along with outlining major business plans and objectives.
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Investor Home
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Media Center
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News & Magazine
Our news blog contains notifications, service updates, industry news and information on what is happening at Milaha.
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News & Magazine
Financial Information
Total Assets
Operating Revenues (QR mn)
Operating Expense(QR mn)
Historical Dividends per Share (QR)
EBITDA (QR mn)
Net Profit (QR mn)
Consolidated Annual Results
Balance Sheet Items
| Balance Sheet (QR Millions) | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Property, Vessels & Equipment | 4,031 | 4,063 | 3,250 | 3,005 | 2,841 |
| Investment Property | 1,299 | 823 | 799 | 782 | 884 |
| Intangible Assets | 160 | 149 | 152 | 91 | 16 |
| Right of Use Assets | - | 155 | 228 | 144 | 210 |
| Investments in Joint Arrangements | 950 | 1,090 | 964 | 994 | 1,025 |
| Investments in Associates | 5,365 | 5,914 | 6,002 | 6,605 | 7,548 |
| Financial Assets at FVOCI | 4,101 | 4,099 | 3,741 | 3,557 | 2,567 |
| Loans granted to LNG Companies | 150 | 129 | 124 | 125 | 102 |
| Other Assets | 26 | 24 | 24 | 24 | 0 |
| Total Non-Current Assets | 16,082 | 16,447 | 15,284 | 15,327 | 15,193 |
| Inventories | 122 | 81 | 78 | 103 | 115 |
| Trade & Other Receivables | 760 | 741 | 764 | 879 | 1,036 |
| Equity Instruments at FVTPL | 139 | 56 | 117 | 505 | 502 |
| Loan to a Related Party | - | - | 393 | - | - |
| Investments in Term Deposits | 578 | 168 | 71 | 350 | 1,237 |
| Cash & Cash Equivalents | 127 | 178 | 306 | 305 | 230 |
| Total Current Assets | 1,726 | 1,224 | 1,728 | 2,142 | 3,120 |
| TOTAL ASSETS | 17,808 | 17,671 | 17,012 | 17,469 | 18,313 |
| Loans and Borrowings | 2,149 | 1,837 | 1,403 | 1,057 | 299 |
| Advance from a customer | 115 | 107 | 99 | 91 | 83 |
| Lease Liabilities | - | 109 | 154 | 63 | 139 |
| Provision for Employees' end of service benefits | 121 | 120 | 114 | 110 | 115 |
| Total Non-Current Liabilities | 2,385 | 2,173 | 1,770 | 1,320 | 637 |
| Trade and Other Payables | 511 | 576 | 675 | 810 | 755 |
| Loans and Borrowings | 274 | 270 | 718 | 485 | 757 |
| Lease Liabilities | - | 54 | 91 | 94 | 81 |
| Total Current Liabilities | 785 | 900 | 1,484 | 1,389 | 1,593 |
| TOTAL LIABILITIES | 3,170 | 3,073 | 3,254 | 2,710 | 2,229 |
| Share Capital | 1,145 | 1,145 | 1,145 | 1,145 | 1,136 |
| Treasury Shares | (74) | (74) | (74) | (74) | - |
| Legal Reserve | 4,694 | 4,694 | 4,694 | 4,694 | 4,694 |
| General Reserve | 624 | 624 | 624 | 624 | 624 |
| Fair Value Reserve | 3,886 | 3,876 | 3,368 | 3,408 | 2,472 |
| Hedging Reserve | 296 | 68 | (96) | 279 | 994 |
| Retained Earnings | 4,011 | 4,210 | 4,043 | 4,644 | 6,122 |
| TOTAL EQUITY Attributable to Equity Holders of Parent | 14,582 | 14,543 | 13,703 | 14,720 | 16,042 |
Income Statement Items
| Income Statement (QR Millions) | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Operating Revenue | 2,420 | 2,425 | 2,267 | 2,784 | 3,285 |
| Salaries, Wages & Benefits | (563) | (589) | (581) | (603) | (632) |
| Operatiing Supplies & Expenses | (941) | (1,001) | (840) | (1,328) | (1,563) |
| Rent Expense | (15) | (7) | (5) | (7) | (8) |
| Depreciation & Amortization | (334) | (362) | (367) | (368) | (370) |
| Bad Debt Provisions | (7) | (7) | (26) | (10) | (45) |
| Other Operating Expenses | (159) | (177) | (169) | (214) | (181) |
| Operating Expenses | (2,019) | (2,142) | (1,989) | (2,531) | (2,798) |
| Operating Profit | 401 | 283 | 279 | 253 | 487 |
| Finance Expense | (148) | (103) | (84) | (73) | (59) |
| Finance Income | 62 | 24 | 21 | 15 | 15 |
| Gain/Loss on Disposal of Assets | 1 | 16 | 87 | (5) | 21 |
| Joint Arrangements - Share of Results | 165 | 239 | 85 | 205 | 179 |
| Associates - Share of Results | 273 | 361 | 418 | 476 | 542 |
| FX Gain/Loss | 0 | (1) | (1) | 6 | (1) |
| Tax | - | (1) | (5) | (4) | (1) |
| Impairments - Vessels | (243) | (272) | (578) | (148) | (80) |
| Impairments - NonVessels | - | - | (163) | - | (86) |
| Non-Operating Income/(Expenses) | 111 | 263 | (220) | 474 | 530 |
| Net Income (Group) | 512 | 546 | 59 | 727 | 1,016 |
| Non-Controlling Interest | (5) | (1) | 0 | 2 | 4 |
| Net Income (Parent) | 516 | 547 | 59 | 724 | 1,013 |
| EBITDA | 1,175 | 1,259 | 1,236 | 1,303 | 1,597 |
Financial Ratios
| Financial Ratios | 2018 | 2019 | 2020 | 2021 | 2022 |
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| Operating Profit Margin | 17% | 12% | 12% | 9% | 15% |
| Return on Assets (ROA) | 2.8% | 3.1% | 0.3% | 4.2% | 5.7% |
| Return on Equity (ROE) of Parent | 3.7% | 3.8% | 0.4% | 5.1% | 6.6% |
| Debt (LT Interest Bearing) to Equity Ratio | 14.7% | 12.6% | 10.2% | 7.2% | 1.9% |
Financial Documents
Financial Types
Financial Year
| Description | Q1 | H1 | Q3 |
|---|---|---|---|
| Quarterly Financial 2023 |  PDF, 4.45 MB |
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| Quarterly Financial 2022 | PDF, 4.15 MB |
PDF, 820.71 KB |
PDF, 516.55 KB |
| Quarterly Financial 2021 | PDF, 650.92 KB |
PDF, 641.06 KB |
PDF, 217.67 KB |
| Quarterly Financial 2020 | PDF, 228.49 KB |
PDF, 248.2 KB |
PDF, 1.82 MB |
| Quarterly Financial 2019 | PDF, 227.13 KB |
PDF, 715.18 KB |
PDF, 665.02 KB |
| Quarterly Financial 2018 | PDF, 247.13 KB |
PDF, 750.72 KB |
PDF, 983 KB |
| Quarterly Financial 2017 | PDF, 205.25 KB |
PDF, 10.27 MB |
PDF, 881.92 KB |
| Quarterly Financial 2016 | PDF, 88.85 KB |
PDF, 535.14 KB |
PDF, 121.94 KB |
| Quarterly Financial 2015 | PDF, 45.14 KB |
PDF, 6.67 MB |
PDF, 933.97 KB |
| Quarterly Financial 2014 | PDF, 1.17 MB |
PDF, 4.39 MB |
PDF, 2.09 MB |
| Quarterly Financial 2013 | PDF, 43.11 KB |
PDF, 724.05 KB |
PDF, 129.93 KB |
| Quarterly Financial 2012 | PDF, 346.43 KB |
PDF, 700.73 KB |
PDF, 44.78 KB |
| Quarterly Financial 2011 | PDF, 34.27 KB |
PDF, 120.11 KB |
PDF, 1.06 MB |
| Quarterly Financial 2010 | PDF, 86.56 KB |
PDF, 3.11 MB |
PDF, 97.55 KB |
| Description | Downloads / View |
|---|---|
| Financial 2022 | PDF, 1.35 MB |
| Financial 2021 | PDF, 1.06 MB |
| Financial 2020 | PDF, 583.14 KB |
| Financial 2019 | PDF, 1.06 MB |
| Financial 2018 | PDF, 2.99 MB |
| Financial 2017 | PDF, 532.14 KB |
| Financial 2016 | PDF, 3.81 MB |
| Financial 2015 | PDF, 702.75 KB |
| Financial 2014 | PDF, 1.35 MB |
| Financial 2013 | PDF, 304.61 KB |
| Financial 2012 | PDF, 892.21 KB |
| Financial 2011 | PDF, 484.59 KB |
| Financial 2010 | PDF, 196.6 KB |
| Description | Downloads / View |
|---|---|
| Annual Report 2022 | PDF, 3.85 MB |
| Annual Report 2021 | PDF, 2.97 MB |
| Annual Report 2020 | PDF, 5.16 MB |
| Annual Report 2019 | PDF, 5.19 MB |
| Annual Report 2018 | PDF, 2.62 MB |
| Annual Report 2017 | PDF, 1.81 MB |
| Annual Report 2016 | PDF, 1.53 MB |
| Annual Report 2015 | PDF, 3.34 MB |
| Annual Report 2014 | PDF, 4.33 MB |
| Annual Report 2013 | PDF, 2.74 MB |
| Annual Report 2012 | PDF, 2.48 MB |
| Annual Report 2011 | PDF, 3.27 MB |
| Annual Report 2010 | PDF, 8.76 MB |
| Description | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| Quarterly Disclosure 2023 | PDF, 169.7 KB |
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| Quarterly Disclosure 2022 | PDF, 219.29 KB |
PDF, 219.29 KB |
PDF, 119.83 KB |
PDF, 119.83 KB |
| Quarterly Disclosure 2021 | PDF, 175 KB |
PDF, 86.76 KB |
PDF, 115.87 KB |
PDF, 115.87 KB |
| Quarterly Disclosure 2020 | PDF, 170.93 KB |
PDF, 169.97 KB |
PDF, 117.58 KB |
PDF, 117.58 KB |
| Quarterly Disclosure 2019 | PDF, 282.97 KB |
PDF, 372.73 KB |
PDF, 345.08 KB |
PDF, 345.08 KB |