Nakilat To Increase Stake at Qatar Shipyard Technology Solutions by 20%

Doha, Qatar: Nakilat announced on Tuesday, June 4, 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, 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.