Latest news with #AbdullahAl-Sulaiti
Zawya
30-07-2025
- Business
- Zawya
Qatar: Nakilat net profit surges 3.7% to $233mln in H1
Qatar Gas Transport Company (Nakilat) has announced that its consolidated financial results for the first half with a net profit of QAR860 million ($233 million) up 3.7% when compared to last year's figure of QAR829 million ($224 million). Announcing the results for the six-month period ended June 30, 2025, Nakilat said this continued strong financial performance underlines its operational resilience and strategic discipline. For the first half, it incurred total expenses of QAR1.4 billion, reflecting a decrease of 4.5%. Impressed with ther results, the Board of Directors have approved an interim cash dividend equal to QAR7.2 per share for the first half ended June 30, 2025. The interim dividend entitlement will be granted to shareholders who own shares at the end of the trading session on August 6, 2025. These dividends will be distributed in line with the directives of the Qatar Financial Market Authority through Edaa, said Nakilat in its statement. On the solid results, CEO Eng. Abdullah Al-Sulaiti said the strong performance in the first half of 2025 reflects the dedication of the Nakilat team and the flexibility it adopts in maintaining and sustaining the operations. "We remain committed to deliver value to our shareholders, partners, and the global energy market through safe, efficient, and sustainable transportation of LNG. Nakilat remains focused on long-term growth and supporting the evolving global market and business environment," he noted. "Beyond maintaining resilient vessel operations, we are actively pursuing an innovative financing strategy to further strengthen Nakilat's financial position. This includes exploring creative structures and cost-effective solutions to reduce overall funding costs," stated Al Sulaiti. "These initiatives enhance our financial flexibility and resilience, positioning us to deliver greater long-term value. By reinforcing the stability of our cash flows, we reaffirm our commitment to generating sustainable, growing returns for our shareholders, a commitment clearly reflected in our latest financial results," he added. In 2025, Nakilat made substantial progress across its operations and strategic growth initiatives. The company celebrated yet another significant milestone with the steel cutting ceremony marking the commencement of construction of 25 LNG vessels at various shipyards in South Korea. The vessels are part of QatarEnergy's historic LNG fleet expansion project, which caters for future LNG fleet requirements for its LNG expansion projects, said the company statment. Owned by Nakilat, and built with a capacity of 174,000 cu m, the new vessels will be chartered to QatarEnergy affiliates under long-term agreements. The company has also commenced the construction of 6 new vessels at the Hyundai Samho Heavy Industries shipyard in South Korea, including 2 LNG vessels and 4 LPG/ammonia vessels. These vessels will be fully owned by Nakilat, it added. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
29-07-2025
- Business
- Zawya
Nakilat achieves QAR 860mln net profit for the first half of 2025, an increase of 3.7%
Doha, Qatar – Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the first half of the year ended 30 June 2025, with a net profit of QAR 860 million compared to QAR 829 million for the corresponding period in 2024, an increase of 3.7%. This continued strong financial performance underlines Nakilat's operational resilience and strategic discipline. In addition, the Board of Directors approved an interim cash dividend for the first half of the year 2025 ended June 30, 2025, of 7.2 Qatari Dirhams per share. The interim dividend entitlement for the first half of the year 2025 will be granted to shareholders who own shares at the end of the trading session on August 6th, 2025. These dividends will be distributed in line with the directives of the Qatar Financial Market Authority through Edaa. Key financial highlights for the first half of 2025: Achieved a net profit of QAR 860 million, up 3.7% year-on-year. Incurred total expenses of QAR 1,396 million, reflecting a decrease of 4.5%. Eng. Abdullah Al-Sulaiti, Nakilat's Chief Executive Officer, commented: 'Nakilat's strong performance in the first half of 2025 reflects the dedication of our team and the flexibility we adopt in maintaining and sustaining our operations. We remain committed to deliver value to our shareholders, partners, and the global energy market through safe, efficient, and sustainable transportation of LNG. Nakilat remains focused on long-term growth and supporting the evolving global market and business environment. Beyond maintaining resilient vessel operations, we are actively pursuing an innovative financing strategy to further strengthen Nakilat's financial position. This includes exploring creative structures and cost-effective solutions to reduce overall funding costs. These initiatives enhance our financial flexibility and resilience, positioning us to deliver greater long-term value. By reinforcing the stability of our cash flows, we reaffirm our commitment to generating sustainable, growing returns for our shareholders, a commitment clearly reflected in our latest financial results.' In 2025, Nakilat made substantial progress across its operations and strategic growth initiatives. The Company celebrated yet another significant milestone with the steel cutting ceremony marking the commencement of construction of 25 LNG vessels at various shipyards in South Korea. The vessels are part of QatarEnergy's historic LNG fleet expansion project, which caters for future LNG fleet requirements for its LNG expansion projects. Owned by Nakilat, and built with a capacity of 174,000 cubic meters, the new vessels will be chartered to QatarEnergy affiliates under long-term agreements. The Company has also commenced the construction of 6 new vessels at the Hyundai Samho Heavy Industries shipyard in South Korea, including 2 LNG vessels and 4 LPG/ammonia vessels. These vessels will be fully owned by Nakilat. Nakilat maintained its five-star rating from the British Safety Council in the Occupational Health and Safety Audit for the eighth consecutive time, and in the Environmental Sustainability Audit for the third consecutive time, reflecting its unwavering focus on safety, excellence, and sustainability. The Company was once again recognized among the Top 100 Listed Companies in the Middle East for 2025, reaffirming its leadership in the region's maritime and energy logistics sector. In keeping with its commitment to exemplary investor relations, Nakilat will host a conference call to discuss the financial results for the first half of 2025 on Wednesday, July 30th, 2025, at 13:30 hours (Doha Time). The presentation will be published on the company's website prior to the conference call. For dial-in details and additional information, please visit the company's website at -Ends- About Nakilat Nakilat is a Qatari Public Shareholding Company which originally listed on the Qatar Stock Exchange in 2005. As a shipping and maritime company, Nakilat provides an essential transportation link in the State of Qatar's LNG supply chain. Its LNG shipping fleet is one of the largest in the world, comprising of 69 LNG vessels. Nakilat also owns and manages one FSRU and two large LPG carriers. Nakilat operates the ship repair, industrial and offshore fabrication facilities at Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City via strategic joint ventures: Qatar Shipyard Technology Solutions and QFAB. Nakilat also offers a full range of marine support services to vessels operating in Qatari waters. For more information, visit: For media inquiries, please contact: Shammi Mohan, Head of Public Relations smohan@ For investors inquiries please contact: Fotios Zeritis, Head of Investor Relations and ESG Reporting fzeritis@
Qatar Tribune
26-05-2025
- Automotive
- Qatar Tribune
Nakilat cuts steel for 17 new LNG carriers in South Korea
Tribune News Network Doha Qatar Gas Transport Company (Nakilat), a global leader in LNG shipping and maritime transportation, celebrated a significant milestone with the steel cutting ceremony marking the commencement of construction of 17 LNG vessels at Hyundai Heavy Industries (HHI) Shipyard in Ulsan, South Korea. The vessels are part of QatarEnergy's historic LNG fleet expansion project, which caters for future LNG fleet requirements for its LNG expansion projects, as well as the replacement requirements of some of its existing fleet. The ceremony was attended by senior officials from Nakilat, Hyundai Heavy Industries, along with key stakeholders from the maritime sector, who witnessed the official commencement construction of the advanced vessels. Owned by Nakilat, and built with a capacity of 174,000 cubic meters, the new vessels will be chartered to QatarEnergy affiliates under long-term agreements. On this occasion, Abdullah Al-Sulaiti, Chief Executive Officer of Nakilat, commented: 'This is another pivotal milestone in Nakilat's journey towards achieving our long-term growth strategy as we continue to modernize and expand our fleet. Our collaboration with QatarEnergy and Hyundai Heavy Industries reflects our continued commitment in support of Qatar's vision in LNG shipping through a world-class fleet and new benchmarks in efficiency, safety, and environmental performance and sustainability. Nakilat remains committed to boosting its position as leader in the global LNG shipping industry.' In February 2024, Nakilat signed agreements with QatarEnergy to lease and operate 25 conventional size state-of-the-art LNG vessels. This move further strengthens Nakilat's position as a global leader in LNG shipping, with the vessels being constructed at South Korean shipyards. The new carriers feature advanced designs and innovative technologies, reflecting Nakilat's commitment to applying the highest standards of safety and operational excellence, while also promoting greater environmental sustainability. This achievement marks a pivotal step in enhancing the company's capacity to meet the growing demand for LNG transportation and further solidifying its leading position in the industry.
Zawya
29-04-2025
- Business
- Zawya
Qatar: Nakilat reports $118.9mln Q1 net profit, up 3.2%
Qatar Gas Transport Company (Nakilat) achieved a net profit of QAR433 million ($118.92 million) for the first quarter of 2025, ended March 31, marking a 3.2% increase from QAR420 million recorded in the same period of 2024. This robust performance underscores Nakilat's resilience and strategic success in a dynamic global market, the company said. Incurred total expenses of QAR673 million, reflected a decrease of 5.7%. This sustained growth is attributed to Nakilat's strategic fleet expansion, operational excellence, and unwavering commitment to delivering clean energy worldwide. Despite a challenging economic landscape marked by uncertainty and elevated interest rates, Nakilat has solidified its industry leadership, leveraging long-term agreements and optimizing fleet utilization to drive efficiency and profitability, it said. Eng Abdullah Al-Sulaiti, Chief Executive Officer of Nakilat, commented: "Nakilat's strong financial performance for the first quarter of 2025 highlight the success of our strategic vision and dedication to excellence. As we expand our fleet and enhance our capabilities, Nakilat continues to strengthen its standing as a global leader in the LNG shipping industry. The addition of new technologically advanced vessels and our long-term partnerships ensure we remain at the forefront of the evolving energy transportation landscape. We remain focused on sustainable growth, operational efficiency, and delivering long-term value to our shareholders and stakeholders." Nakilat's expansion strategy is further strengthened by its commitment to sustainable energy transportation. The company remains on track with its newbuild programme, which includes state-of-the-art LNG carriers and LPG/ammonia gas carriers under construction, marked a significant milestone with two steel cutting ceremonies for a total of ten of its new LNG carriers and four LPG/ammonia gas carriers at Hanwha Ocean and HD Hyundai Samho shipyards in South Korea in March 2025. – Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
29-04-2025
- Business
- Trade Arabia
Nakilat reports $118.9m Q1 net profit, up 3.2%
Qatar Gas Transport Company (Nakilat) achieved a net profit of QAR433 million ($118.92 million) for the first quarter of 2025, ended March 31, marking a 3.2% increase from QAR420 million recorded in the same period of 2024. This robust performance underscores Nakilat's resilience and strategic success in a dynamic global market, the company said. Incurred total expenses of QAR673 million, reflected a decrease of 5.7%. This sustained growth is attributed to Nakilat's strategic fleet expansion, operational excellence, and unwavering commitment to delivering clean energy worldwide. Despite a challenging economic landscape marked by uncertainty and elevated interest rates, Nakilat has solidified its industry leadership, leveraging long-term agreements and optimizing fleet utilization to drive efficiency and profitability, it said. Eng Abdullah Al-Sulaiti, Chief Executive Officer of Nakilat, commented: "Nakilat's strong financial performance for the first quarter of 2025 highlight the success of our strategic vision and dedication to excellence. As we expand our fleet and enhance our capabilities, Nakilat continues to strengthen its standing as a global leader in the LNG shipping industry. The addition of new technologically advanced vessels and our long-term partnerships ensure we remain at the forefront of the evolving energy transportation landscape. We remain focused on sustainable growth, operational efficiency, and delivering long-term value to our shareholders and stakeholders."
