Nakilat MD recognised as leading executive in Qatar

Abdullah Al Sulaiti, MD of Nakilat, has been recognised as a leading exec in Qatar
Abdullah Al Sulaiti, Managing Director of Nakilat
Abdullah Al Sulaiti, Managing Director of Nakilat

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Abdullah Al Sulaiti, Managing Director of Nakilat, has been ranked as one of the Gulf’s leading executives at the TOP CEO awards in Dubai. Al Sulaiti was listed as Qatar’s eighth most influential CEO among other executives at companies listed on the Qatar Exchange.

On a regional level, among the 700 companies from the Middle East’s seven stock exchanges, Nakilat was the 33rd largest company, an impressive result for a company that only began trading in 2004. Organised by Trends magazine and INSEAD Business School, the awards are audited by Deloitte.

“Nakilat’s strategic and ambitious growth plan is achieving increasing recognition throughout the region,” said Al Sulaiti. “The expansion and consolidation of our shipping activities has been a major achievement for Nakilat in the last 12 months, and our fleet continues to be one of the world’s youngest and largest.”

Al Sulaiti added that Nakilat’s success was a shared achievement, and a reflection of the work of his staff. “Our policy of recruiting and retaining talented and visionary employees from Qatar and beyond is the foundation of our continuing success, and this award is a recognition of the dedication our employees at all levels show on a daily basis,” he said.

Nakilat announced record profits of US $249-million at its annual general meeting in March, reflecting the ability of the company and Qatar’s LNG sector to buck global trends.

“Nakilat made history once again in 2014, when we signed a deal with Qatar’s New Port Project to build 11 vessels for use at the port, a landmark moment for the country’s marine industry,” said Al Sulaiti. “Nakilat will continue its quest to expand and strengthen the State of Qatar’s position as a world leader in LNG.”

The Top CEO awards recognise outstanding company CEOs based on factors including growth, profitability, transparency and corporate governance.

This was the first year that the award was expanded to include all seven stock exchanges in the GCC.

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