Milaha increases stake in Nakilat

Thursday, 07 February 2019
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Qatar Navigation’s (Milaha) subsidiary, Qatar Shipping Co, has agreed to acquire the entire stake of Qatar Investment Authority in Qatar Gas Transport Co (Nakilat) representing 5.9% of Nakilat’s share capital.

This agreement is conditional on obtaining the consent of the Qatar Financial Markets Authority and the Qatar Central Securities Depositary Company.

Abdulrahman Essa Al-Mannai, Milaha Group President and CEO said that Milaha was holding, directly and indirectly, a 30.3% stake in Nakilat’s share capital and has become, as a result of the acquisition, the owner, directly and indirectly, of shares totalling about 36.3% of Nakilat’s share capital.

Al-Mannai also said that the increase of Milaha’s stake in Nakilat stems from Nakilat’s success and Milaha’s belief in the vital field of gas transportation. 

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