Qatar Navigation has announced a 60 per cent increase in the basic salary and allowance of its Qatari employees. The pay raise decision will be effective from first of September, 2011 in line with the Emiri decision No 50 of 2011.
HE Sheikh Ali bin Jassim bin Mohammad Al Thani, Chairman and Managing Director of Qatar Navigation announced that the company is following in the steps of HH the Emir Sheikh Hamad bin Khalifa Al Thani and HH the Heir Apparent Sheikh Tamim bin Hamad bin Khalifa Al Thani with regards to the recent increase in basic salary and social allowance of the Qatari Government employees as of September 1, 2011. The decision comes at the directive of the Board of Directors of Qatar Navigation.
On the occasion, HE Sheikh Ali bin Jassim Al Thani urged the Qatari employees to exert greater efforts so that the company's ambitious vision and mission are realized with the aim of supporting the nation's progress. The company is keen on attracting Qatari talent and providing working opportunities for them to work in the company, specifically in the maritime and logistics domain. The company provides national staff with specialized developmental training programs in order to raise their capabilities and qualifications, with the opportunity to complete university studies in the ports, shipping and maritime operations and management fields. This is proof of the company's desire to increase the number of outstanding Qatari employees and faith in their role in serving the country and its citizens.
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About Qatar Navigation
Qatar Navigation was established in July 1957, as the first public shareholding company registered in Qatar and holds commercial registration number (1). The aim in establishing the company was stimulating growth in the Qatari economy through the provision of shipping, transportation, and handling services necessary to link Qatar with the rest of the world. The company has since evolved, expanded and diversified into maritime transportation, port management, shipping agencies, logistics services, ship repair and fabrication, trading activities, as well as real estate development and asset management.
Qatar Navigation owns 100% of Qatar Shipping (Q-Ship) as well as Halul Offshore Services Company (HOSC) - one of the largest specialized companies in the region in the provision of offshore marine services to the oil and gas sector. Qatar Navigation also has a 50% stake in Qatar Quarries and Building Materials Company, a 30% stake in Qatar Gas Transport Company (Nakilat), and owns 50% of Gulf LPG. The Company has smaller stakes in a number of other associated companies.
Qatar Navigation (QNNS) is publically listed on the Qatar Exchange and represents almost 5% of the Qatar Exchange Index. For further details please visit the company's website www.qatarnav.com or see the company's results on the Qatar Exchange website www.qe.com.qa.
For additional information, kindly contact:
Corporate Communications Department
Tel: +974 4494 9624;
Fax: +974 4483 3244
Email: nadine@qatarnav.com
© Press Release 2011
