During the AGM, the company’s board of directors announced that the company had made a net profit of QR955 million, compared the QR984 million in 2015. The board stated that, regardless of current challenges in the economy, the decrease in current oil and gas prices and overcapacity in the shipping industry, the company’s approach to its dividend disbursement would enable it to maintain a strong balance sheet and stable cash flow to support its debt repayment structure and stay resilient to weather volatile market conditions. Nakilat claims that this would allow it to maintain a leading position in LNG transportation, and to capitalise on any future opportunities that might arise.
