Nakilat has been awarded the ‘Sword of Honour’ by British Safety Council for the third consecutive year, a prestigious award for organisations that have reached the pinnacle of excellence in managing the company’s health, safety and environmental risks.
Nakilat held its Annual General Meeting (AGM) today, chaired by His Excellency Dr. Mohammed bin Saleh Al Sada, the Chairman of Nakilat’s Board of Directors. During the AGM held electronically using Zoom application platform, the Group reported a consolidated net profit of QR 1,161 million in 2020, an increase of 15.7%. All items on the agenda were also ratified during the AGM.
Qatar Gas Transport Company Ltd (NAKILAT) Q.P.S.C., its subsidiaries and associates (“Group”) today announced its financial results for the year ended 31 December 2020. The Group reported a consolidated net profit of QR 1,161 million in 2020, an increase of 15.7%, as compared to QAR 1,003 million for the same period in 2019. For this period, the Board recommends a cash dividend at QAR 0.11 per share.
Nakilat has taken delivery of a newbuild LNG carrier, “Global Star”, which will be commercially and technically managed in-house by Nakilat. Built by Daewoo Shipbuilding & Marine Engineering (DSME), this is the second out of the four LNG carrier newbuilds to be delivered to Global Shipping Co. Ltd., a joint venture of Nakilat (60%) and Maran Ventures Inc. (Maran Ventures) (40%).
Nakilat has assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate Technical Management (ETM) with effect from 17 December 2020.
Nakilat has completed the second phase of its fleet management transition from Shell International Trading and Shipping Company Limited (Shell), with a total of seven LNG carriers transitioned to its in-house technical and operational management.
Nakilat has been added to the Morgan Stanley Capital International (“MSCI”) Emerging Markets Large Cap Index as a constituent of the MSCI Qatar Large Cap index, effective as of the market close of November 30, 2020.
Nakilat has assumed full ship management and operations of Q-Max LNG carrier Lijmiliya from Shell International Trading and Shipping Company Limited (Shell) with effect from 27 October 2020, as part of the second phase of its planned fleet management transition programme.
Nakilat reported a net profit of QR 900 million for its financial results for the third quarter ended 30 September 2020, an increase of 23.6% compared to QR 728 million during the same period in 2019.
Nakilat has assumed full ship management and operations of Q-Flex LNG carrier Al Rekayyat from Shell International Trading and Shipping Company Limited (Shell) with effect from 20 September 2020, as part of the second phase of its planned fleet management transition programme.
