2020 Annual Report

Welcome to Nakilat’s Digital Annual Report

The company witnessed significant growth and development throughout 2020 in alignment with its ambition to be a global leader and provider of choice for energy transportation and maritime services. The 2020 Annual Report captures the highlights of our financial performance, corporate strategy, business operations as well as comprehensive approach towards sustainability.

Board of Directors Report

“This past year has been one unlike any other, with the COVID-19 global pandemic reshaping our definition of normal and creating a new ‘normal’ of living and working. Like the rest of the global shipping and maritime industry, the company has had to navigate unprecedented challenges to its operations. However, the company’s solid business continuity plans and infrastructure enabled us to swiftly adapt to the situation and allowed us to remain focused on creating value for our shareholders and customers.”

HE Dr. Mohammed Bin Saleh Al-Sada

CEO message

“Amid the challenging business landscape, Nakilat remained steadfast in executing our strategies, sustaining operational efficiencies while ensuring fiscal discipline across all our shipping and maritime operations. We continued to demonstrate great resilience, as reflected in our operational and financial performance for the year. Our outstanding financial performance in 2020 is a testament to our concerted efforts, as Nakilat recorded a net profit of QR 1,161 million, a 15.7 % increase against the previous year at QR 1,003 million.”

Eng. Abdullah Fadhalah Al Sulaiti