Business

Nakilat Says it Intends to Increase at Qatar Shipyard Technology Solutions by 20%

Qatar NewswireComments Off on Nakilat Says it Intends to Increase at Qatar Shipyard Technology Solutions by 20%

Doha: Nakilat announced today that it intends to increase its stake at Qatar Shipyard Technology Solutions by 20 percent.

In a statement released on Qatar Stock Exchange’s website today, the company said that its Joint Venture partner KSI Investments Limited has expressed its interest to exit the Joint Venture Qatar Shipyard Technology Solutions. Nakilat, which currently owns the majority of the voting rights 79 percent in the Joint Venture, has agreed in principle its intention to purchase KSI Investments Limiteds minority stake, representing 20 percent in the Joint Venture.

Source: Qatar News Agency

Qatar Newswire

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