Investor Relations

People are the foundation of the organization’s success and they contribute to operational excellence. Crew welfare is one of the company’s highest priorities. Post-pandemic measures have been put in place in order to further protect our seafarers against covid, which is still present in several areas of the world. Nakilat has developed initiatives towards improving work-life balance for crew members. We have introduced promotion programs for junior engineers and cadets and improved rotation schedules. We have taken several measures to support improved lifestyle on board. Our seafarers have reliable high-speed internet connection on board to stay in touch with their families, which is provided by communications equipment in combination with effective cybersecurity management.

Nakilat continues to monitor and evaluate through an employee feedback survey utilizing an independent third-party professional organization to identify, the perception of our seafarers against the measures we are putting in place for their wellbeing as well as their job satisfaction. This involved introducing healthy mental wellbeing initiatives to support establishing a positive environment onboard. New projects are focused on continuity of improvement of conditions for seafarers. Nakilat continued building high calibre resources in line with our vision on project expansion. 2023 was an exceptional year on training and development of Qatari seafarers, enabling them to reach senior ranks.

Furthermore, tailored programs have been completed for national officers covering shore-based training for various ranks on Ship-Simulation, Bridge-Team Management, Navigational-Skills-Assessment & Development Programs.

Professional and personal development of our most strategically important assets, our employees, remained in sharp focus during 2023. Nakilat continued to utilize our blended learning approach with the delivery of 88% of the training programs virtually.

A substantial 8,927 hours of training was delivered by experts from both external providers and our internal teams to employees from all divisions of Nakilat. Our Learning Academy, established in 2021, continuously served as a hub of profound learning through 2023, offering Nakilat employees access to an extensive array of over 9,000 courses and resources through e-learning courses and LinkedIn learning programs.

In 2023, we marked the achievement of guiding three cohorts of leaders through the Georgetown University Leadership Development Program. Cohort 1 concluded their journey in Q3 of 2022, and Cohorts 2 and 3 have completed in Q1 of 2023. A graduation ceremony was held in February 2023 to celebrate the achievements of these leaders.

Throughout 2023, our commitment to nurturing the upcoming leaders in our business remained evident and this was reflected in our comprehensive succession planning process.