Mubasher: The Qatar Stock Exchange (QSE) on Monday announced that Ali Hussain Ali Al-Sada, member of the board of directors of Qatar Navigation (Milaha), bought 1.73 million shares.

The acquired stake represents 1.51% of the company’s total shares that stand at 114.53 million shares.

For the full year 2017, The maritime and logistics company’s profits dropped 34% to QAR 469.83 million from QAR 711.46 million in the same period a year before.

Qatar Navigation’s capital amounts to QAR 1.1 billion distributed over 114.53 million shares.

On Thursday 8 March 2018, FTSE Emerging Markets Index announced that it added Milaha to its index.