I am pleased to introduce this new company established on 11th Dec 2016. The company’s foundation has been laid by 342 local Qatari Citizens who subscribed to the company’s initial capital of QR 100 Million. They form our strength as we embark into our journey to creating this company as Qatar’s largest owner and operator of dry bulk carriers.
Being from the pioneer years of developing port and shipping sectors in Qatar, I believe that this is the only Qatari company in the State of Qatar with an objective to serving the ocean transportation of bulk non-oil & gas materials particularly emanating to or from the State of Qatar. With the huge movements of Gabbro, cement clinker, gypsum, sulphur and other bulk materials, the company possesses good prospects for growth in its business.
With the planned level of high productivity, the company is well positioned to create value not only for its shareholders but also for all its customers. The freight earned by the company ultimately also helps in creating inflow of valuable foreign exchange into the State of Qatar. Thus, efforts of the company is aimed at making a meaningful progress for all its stakeholders.
Finally, it is our well skilled, tested and top rated human resources who are working endlessly to make the company successful in achieving its commercial goals but then always with full respect to the environment and social causes that defines health and happiness for us all.
With the superior guidance and vision of H.H. The Emir, Sheikh Tamim Bin Hamad Al-Thani there is no doubt that the State of Qatar will continue to prosper. In our role, we look forward to grow our participation in building our country’s successful future as envisaged in Qatar Vision 2030.
Mohamed Khalifa Al-Sada
Chairman and Managing Director