Nakilat posts net profit of QR1.44bn in 2022

Doha: Nakilat held its Annual General Meeting (AGM) yesterday, chaired by Abdulaziz Jassim Al Muftah, the Chairman of Nakilat’s Board of Directors. During the AGM held at the Marsa Malaz Kempinski, the Pearl - Doha, the Group discussed the consolidated earnings results with a net profit of QR1.44bn in 2022, highest since inception, an increase of 6.3 percent and key activities held in 2022.

The General Assembly approved the Group’s financial statements for the year ended 31 December 2022 and a recommendation by the Board of Directors to distribute a cash dividend of 13 percent of the nominal share value (representing QR 0.13 per share). All items on the agenda were also approved during the AGM.

Following an overview of Nakilat’s activities and financial results in 2022, the Chairman commended all employees of the company for their continuous efforts to achieving strong financial performance and sustainable operational excellence. 

The company’s resilience and the convergent efforts has enabled Nakilat’s sustained growth momentum and business continuity, creating immense value for both its customers and shareholders.

The company followed through its expansion plans with the delivery of “Global Sealine”, a technologically advanced LNG carrier newbuild during the past year, demonstrating commitment to innovation, sustainability, and operational excellence. 

Nakilat Chief Executive Officer Eng. Abdullah Fadhalah Al Sulaiti said: “Despite all the challenges the world faced in 2022 by an unprecedented pace of rise in interest and inflation rates, Nakilat managed to overcome these fluctuations with the least impact on its financial performance, a clear indication of the strength and durability of our operational excellence in the field of energy transportation and marine services. The results were complimented by the efforts of our dedicated workforce and collaboration to achieve optimal value for our shareholders and customers.  

"Through the recent strategic expansion of the company’s fleet with an additional 4 LNG carriers, and the improved performance of its joint ventures operating in the drydock, demonstrating our commitment to innovative sustainability and operational excellence," he added.