Global equity indices provider Morgan Stanley Capital International will add Qatari LNG shipping line Nakilat to the MSCI Emerging Markets Large Cap Index, effective as of 30 November 2020
The move will raise the Qatari shipping line’s profile among international institutional investors.
Commenting on the inclusion to the MSCI Emerging Markets Large Cap Index, Nakilat chief executive Abdullah Fadhalah Al Sulaiti said “This great achievement is a result of the company’s sustainable and balanced corporate strategy to achieve long-term impressive risk-adjusted returns to Nakilat’s shareholders, which includes operational excellence, reliability and capturing lucrative business opportunities. Nakilat’s resilient business model and its equity story have been well recognised by the global capital market participants, which in turn, qualified Nakilat to be included back to the MSCI Qatar Large Cap index effective as of the market close of 30 November 2020.”
Mr Al Sulaiti added “As our focus has always been to deliver quality service to our charterers and to maximise returns for our shareholders, I am confident this will further support us to expand our global foothold in the global LNG shipping industry. We assure all of Nakilat’s stakeholders that such success is not the end, however, it is the beginning for a new stage of further achievements in the future.”
One of the largest LNG shipping lines in the world, Nakilat has a fleet of 69 LNG carriers, one floating storage and regasification unit and four liquefied petroleum carriers. It has recently been transitioning its fleet to its own inhouse ship management arm NSQL.
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