Document Library

Governance at Nakilat

Nakilat strives to achieve good corporate governance. Good corporate governance means that company practices transparent disclosure procedures to give all stakeholders precise information regarding financial, operational and other aspects of the business. One of the main objectives of Corporate Governance is maximizing the returns to all stakeholders through exercising effective guidance on and control over the company’s activities, while maintaining integrity, objectivity and transparency. Nakilat believes that adopting international standards will enable us to realize transparency, integrity, and trust in our financial statements and thereby boost the confidence of debtors and lenders in the company, as well as assist investors make the right investment decisions.

Nakilat’s Board of Directors is committed to the company’s long‑term sustainable value creation based on strong principles of governance, so that the company can continue to deliver constant value over time. The economic value generated through a well-managed and governed enterprise not only benefits shareholders but also local communities through job creation and societal development by means of corporate social responsibility activities. Recognizing the relationship between good governance and sound financial performance, Nakilat strives to adhere to leading governance practices and complies to Qatar Financial Markets Authority (QFMA) governance code.

As guidelines change and governing requirements become more complex, we at Nakilat continue to take dynamic measures and remain committed to further enhance and sustain the highest ethical standards of Corporate Governance in line with international best practices as well as create a strong compliance culture.

The Board of Directors firmly believes that good corporate governance is fundamental in ensuring the proper management of Nakilat, while taking into consideration the interest of all stakeholders. We recognize that the way we interact with stakeholders is key for the success of our business. Nakilat believes that as the global awareness toward governance becomes vital, we aim to undertake every necessary effort to raise awareness about governance within the company.

Governance Reports

Articles of Association

Articles of Incorporation

Commercial Register

Charters

Insider Trading

According to the Governance bylaws issued by Qatar Financial Markets Authority (QFMA) which has defined the “insiders” in any publicly listed company to be ( Any person, due to the position, became acquainted with Information not available to the public. Such Information could affect attraction or reluctance of dealers in the securities of the Company or other companies in which the Company or the shareholders have interest, or could affect the Company’s ability to meet its obligations. This could include the Board members, Senior Executive Management, employees of the Company or any company of its group and others who have access to such Information due to contractual, professional or other relations).

Furthermore, QFMA Governance bylaw “Article 28” stipulated that (The Board members, Senior Executive Management, all Insiders, their spouses and minor children must disclose any trading and transaction they carry out involving the Company’s shares and any other securities).

Based on the aforesaid, Nakilat has identified all insiders within the organization who are potentially having access to significant information that directly or indirectly influencing Nakilat’s shares trading in Qatar Exchange.

Any insider trading in Nakilat shares is disclosed immediately on this page.

Director's Dealings

Board members and senior executive management of the company, including their spouses and minor children, who own shares in the company as of 31st December 2022, are disclosed below:

Name Number of Shares
Abdulaziz Jassim Al-Muftah (Chairman) 16,920
Ahmad Saif Al Sulaiti (Vice-Chairman) 10,020
Khalid Said Al-Rumaihi (Board Member) 118,220

Disclosure of Investor Relations Policy

Nakilat will engage in timely disclosure in accordance with article 6.8 in the rulebook published by Qatar Stock Exchange. Nakilat will also proactively disclose other information of substantial interest to shareholders, investors, securities analysts, stakeholders and other market participants, as well as information intended to promote an understanding of Qatar Gas Transport Company Ltd. (Nakilat). Furthermore, Nakilat will maintain continuity and consistency in the information it discloses. Last but not least, It is our policy not to comment on market rumors or speculation.

IPO Prospectus