Qatar Shipping Company and Qatar Navigation are proceeding with a merger after their board of directors approved the deal, a joint statement said on Saturday.
Qatar's government has ordered Qatar Shipping and Qatar Navigation to merge
Qatar Shipping Co (Qship), which is merging with Qatar Navigation, plans to take advantage of falling prices in the maritime sector to buy ships and companies over the next 18 months.
Chief executive K K Kothari also told Reuters on Wednes
Qatar Navigation Company and Qatar Shipping Company have been ordered by the government to merge, the Doha bourse said in a statement on its website on Monday.
'In order to inspire growth in investment and increase profitability for be
Qatar Gas Transport Co (Nakilat), which ships liquefied natural gas, tripled profit in the third quarter, beating an analyst's expectation. The shares fell more than 2 percent.
Net income in the three months to September 30 surged 200 perc