Nakilat convened its Annual General Meeting (AGM) chaired by Abdulaziz Jassim al-Muftah, Chairman of Board of Directors on Tuesday.

The AGM reviewed the financial results, in which Nakilat achieved a record consolidated earnings results, with a net profit of QR1.64bn for fiscal 2024, reflecting an impressive 5.1% growth compared to 2023.

The meeting also provided a comprehensive overview of key activities conducted in 2024.

The General Assembly approved the group’s financial statements for the fiscal year that ended on December 31, 2024.

The meeting endorsed the Board of Directors’ recommendation to distribute cash dividends of Dh7 per share for the second half of year 2024.

This is in addition to the half yearly interim cash dividend of Dh7 per share in respect of the six-month period that ended on June 30, 2024.

Together the total cash dividend distribution amount is, Dh14 per share for 2024.

These dividends will be distributed in line with the directives of the Qatar Financial Market Authority through Edaa.

All items on the agenda were endorsed during the AGM.

Nakilat CEO Abdullah al-Sulaiti highlighted the company’s achievements over the past year, stating: “The year 2024 witnessed the continued expansion of the fleet through contracts that were signed to support the growing demand for the transportation of clean energy. With the completion of these projects, Nakilat's fleet will reach 114 vessels, which enhances our leadership in the field of energy transportation and our ability to meet the growing global energy needs.

“Our consolidated net profit of QR1.64bn reflects our operational excellence and a testament to the dedication and professionalism of our team. This growth not only reinforces Nakilat’s position as a global leader in LNG transportation but also underscores our relentless efforts to deliver value to our customers, shareholders and stakeholders.”

Nakilat released its 2023 environmental, social, and governance (ESG) report, aligning with global international standards, which has received independent assurance for the fourth consecutive year, enhancing its credibility and underscoring Nakilat’s sustained efforts to advancing sustainability in energy transportation and maritime services.