Nakilat’s EGM opens doors for foreign investment

Nakilat's EGM opens doors for foreign investment

LNG shipping giant Nakilat informed that the company’s extraordinary general meeting was held in Doha, ratifying a number of amendments to the company’s articles of association.

Importantly, the EGM agreed to increase its non-Qatari ownership limit from 25% to 49%, the Qatari company informed in a statement.

Also, EGM agreed that the Qatari Governmental Institutions, Qatari non-for-profit organizations, Qatari Governmental Pension and Investments Funds can own a percentage of share capital up to 5% of the total shares of the company.

Nakilat’s 54 wholly and jointly owned LNG vessels have a combined carrying capacity of over 8.5 million cubic meters or 15% of the world capacity.

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