Global index compiler Morgan Stanley Capital International (MSCI) has included Nakilat as a constituent in MSCI Qatar Large Cap index, effective as of the market close of November 30, 2020.
This comes following MSCI's semi-annual index review (SAIR) and its subsequent announcement on November 10.
The company’s inclusion by MSCI demonstrates the great confidence of capital markets in Nakilat.
The MSCI inclusion will be viewed positively by the global investor community and enhances Nakilat’s profile worldwide, the company said.
Nakilat is dedicated to grasp any opportunities in the global market, to propel the group’s long-term growth, and eventually maximise shareholders’ return, he added.
"In the midst of the current unprecedented challenging time, we are very pleased to be included in the MSCI emerging market large cap index. This great achievement is a result of the company’s sustainable and balanced corporate strategy to achieve long-term impressive risk adjusted returns to Nakilat’s shareholders, which includes operational excellence, reliability and capturing lucrative business opportunities," said Abdullah Fadhalah al-Sulaiti, Nakilat chief executive.
Nakilat’s resilient business model and its equity story have been well recognised by the global capital market participants, who in turn, qualified Nakilat to be included back to the MSCI Qatar large cap index, he said.
"As our focus has always been to deliver quality service to our charterers and to maximise returns for our shareholders, I am confident that this will further support us to expand our global foothold in the global LNG or liquefied natural gas shipping industry," according to him.
