- AGM approves recommendation to distribute cash dividend of 14% of nominal share value
In a statement as part of company’s AGM Monday al-Sulaiti said, “Despite facing great challenges and geopolitical uncertainties, Nakilat has been able to maintain its resilient and consistent financial performance and build a bright future that contributes to consolidating its presence on the global stage in the natural gas transportation sector.
“These results are attributed to our tireless efforts and dedication to continuously develop operations and invest in our human capital.”
He said, “2023 exemplified Nakilat’s operational excellence in energy transportation and maritime services with a net profit of QR1.56bn, an increase of 8.3%. This outcome reflects our unwavering commitment to delivering value to both customers and stakeholders”.
The AGM was presided over by Abdulaziz Jassim al-Muftah, chairman of Nakilat’s Board of Directors.
The AGM presented an opportunity for discussion of the financial results, in which Nakilat achieved consolidated earnings results with a net profit of QR1.56bn in 2023, highest since inception, an increase of 8.3% over 2022. The meeting also provided a comprehensive overview of key activities conducted in 2023.
The general assembly approved the Group’s financial statements for the fiscal year that ended in December 2023 and a recommendation by the Board to distribute a cash dividend of 14% of the nominal share value, equivalent to QR0.14 per share.
The dividends will be distributed in line with directives from the Qatar Financial Market Authority through Edaa. All items on the agenda were also endorsed during the AGM.
Nakilat has affirmed its commitment to environmental stewardship through proactive measures to reduce carbon emissions and embracing best practices for mitigating environmental and climate change related risks.
The company has released its 2022 Environmental, Social, and Governance (ESG) Report, aligning with global international standards, which has received independent assurance for the third consecutive year, enhancing its credibility and underscoring Nakilat’s sustained efforts to advancing sustainability in the maritime industry.
