Nakilat raises foreign ownership ceiling to 100%

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Qatar Gas Transport Company Limited “Nakilat” (a Qatari public shareholding company) announced that it had obtained all the necessary approvals to raise the ceiling for non-Qatari ownership in the company’s capital to 100 percent.
The company stated in a statement published on the Qatar Stock Exchange website yesterday that, accordingly, the necessary amendment was made with the Qatar Central Securities Depository Company, with immediate effect.
The net profits of Nakilat increased by 6.3 percent in 2022, to reach 1.438 billion riyals, compared to 1.353 billion in 2021.
Nakilat was established in 2004 with a capital of 5.540 billion riyals.

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