Skip to main content


Milaha’s Ordinary General Assembly Meeting Approved to Distribute a Cash Dividend of 37.5% of the Nominal Share Value

  6 March 2024

Doha, Qatar, 5 March 2024 - Qatar Navigation Q.P.S.C. (“Milaha”) held its Annual Ordinary General Assembly Meeting virtually, today, at the Company’s headquarters, during which the Shareholders approved the Ordinary General Assembly Meeting agenda, including the company’s audited financial statements for the fiscal year ended December 31, 2023.

The Ordinary General Assembly Meeting ratified all items on its agenda including the proposal of the Board of Directors to distribute a cash dividend of 37.5% of the nominal share value, equivalent to QR 0.375 per share. The Ordinary General Assembly also approved appointing “KPMG” as Auditors for the year 2024.

Addressing the meeting, H.E Sheikh Jassim bin Hamad bin Jassim bin Jaber Al-Thani, Chairman of Milaha’s Board of Directors, presented an overview of the Company’s activities and consolidated financial results, as Milaha reported a net profit of QR 1,030 billion in 2023, compared to QR 1,013 billion for the same period in 2022.

In his speech, H.E the Chairman of the Board of Directors commended that Milaha’s operations maintained a steadfast focus on delivering dependable supply chain solutions safely to the clients and to the strategically vital oil & gas industry throughout the year. To fortify sustainable and responsible growth, taking guidance from Qatar's National Vision 2030, Milaha has strategically invested in capital projects during 2023.

We would like to draw the attention to Milaha’s Shareholders that the dividend distribution will commence on Wednesday, March 6, 2024, through EDAA Company. The company will provide full support services to ensure that the Shareholders can efficiently collect and manage their earned dividends.

The Ordinary General Assembly has approved the following candidates for the Board of Directors by acclamation for the new term from 2024 to 2026, H.E Sheikh Jassim bin Hamad bin Jassim bin Jaber Al-Thani, H.E Sheikh Khalid bin Khalifa bin Jassim Fahad Al-Thani representing QatarEnergy, H.E Sheikh Abdulrahman bin Saud Al-Thani, H.E Sheikh Suhaim bin Khaled bin Hamad Al-Thani, H.E Sheikh Hamad bin Mohammed Khalid Al-Thani, H.E Mr. Saad Mohammad Saad Al Romaihi, Mr. Adel Ali bin Ali representing M/s Ali bin Ali Establishment, Mr. Hamad bin Mohammad Al Mana, Dr. Mazen Jassim Jaidah, Mr. Hitmi Ali Khalifa Al Hitmi representing Ali bin Khalifa Al-Hitmi & Partners Co., and Mr. Mohammed Ebrahim Al-Sulaiti.

The first Board of Directors meeting of the current term was held after the Ordinary General Assembly Meeting, in which the Board of Directors have elected H.E Sheikh Jassim bin Hamad bin Jassim bin Jaber Al-Thani as Chairman of the Board of Directors, and H.E Sheikh Khalid bin Khalifa bin Jassim Fahad Al-Thani representing QatarEnergy as the Vice-Chairman.

Back to Top