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, the Group reported a consolidated net profit of QR 1,003 million (1 billion and 3 million Qatari Riyals) in 2019, an increase of 12.4%.
Nakilat records highest profit of QAR 1,003 million since inception for FY2019, an increase by 12.4% from QAR 892 million
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 2019. The Group reported a consolidated net profit of QR 1,003 million in 2019, an increase of 12.4%, as compared to QAR 892 million for the same period in 2018.
Nakilat and its joint ventures celebrated Qatar National Sports Day 2020 by organizing a wide range of outdoor sporting activities for employees and their families. The event was held at the Al Legtaifiya Park in Doha as well as the Laffan Global Village in Ras Laffan Industrial City for the enjoyment of employees at both locations.
Nakilat has been awarded the ‘Sword of Honour’ by British Safety Council for the second 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-Keppel Offshore & Marine (N-KOM) has successfully completed a major fabrication project as part of its contract for Qatar Petroleum’s Bul Hanine Redevelopment (Phase B), which was awarded by McDermott Eastern Hemisphere Limited (MEHL).
Nakilat announced its financial results for the nine-month period ended 30 September 2019, with improved net profits of QR 728 million compared to QR 659 million during the same period last year in 2018, an increase of 10.5%.
Nakilat has today acquired the full ownership of four Q-Flex liquefied natural gas (LNG) carriers from its joint-venture partner, International Seaways, Inc. (“INSW”) following execution of a sale and purchase agreement for the acquisition of the remaining 49.9% ownership interest in these vessels from INSW.
Nakilat announced its financial results for the first half of the year ended 30 June 2019, with the company achieving a net profit of QR 476 million compared to QR 445 million during the same period in 2018, an increase of 7%.
Nakilat has signed a milestone Memorandum of Understanding (MOU) with Al Jazeera Media Network to collaborate on strategic media campaigns such as documentaries, television advertisements, and trainings for the company.
Nakilat-Keppel Offshore & Marine (N-KOM) recently welcomed its 200th LNG vessel repair, Al Khor, at the world class Erhama bin Jaber Al Jalahma Shipyard.