Milaha net profit rises 40% to QR 1.0 billion for full year 2022

• OperangrevenuesofQR3.285billionforthetwelvemonthsendedDecember31,2022,comparedtoQR2.784billionforthesameperiodin2021

• Operang profit before impairments of QR 487 million for the twelve months ended December 31, 2022, compared to QR 253 million for thesameperiodin2021

• NetprofitofQR1.013billionforthetwelvemonthsendedDecember31,2022,comparedtoQR724millionforthesameperiodin2021

• EarningspershareofQR0.89forthetwelvemonthsendedDecember31,2022,comparedtoQR0.64forthesameperiodin2021.

Cont’d. from Pg. 3

Milaha Gas & Petrochem’s net profit increased by QR 70 million compared to the same period in 2021, mainly due to an increase in results from our associate companies, and gainonthesaleofdeep-seavessels.

Milaha Offshore’s bottom line increased by QR 196 million compared to the same period in 2021, driven by an increase in projects and vessel utilization, coupled with a reductioninvesselimpairmentexpense.

Milaha Capital’s net profit decreased by QR 69 million compared to the same period in 2021, due to an impairment recordedinthethirdquarterof2022.

Milaha Trading’s bottom line increased by QR 7 million comparedtothesameperiodin2021,comingfromincreased heavyequipmentandmarine-relatedproductsales.

Commentingonthecompany’sfinancialandoperational performance for the year ended December 31st, 2022, H.E. Sheikh Jassim bin Hamad bin Jassim bin Jaber AlThani, Milaha’s Chairman of the Board of Directors, said: “2022 marks the 65th anniversary of Milaha, and our strong financial results are a testament to our resilience, commitment to customers, and to operational excellence. All our core business segments posted strong growth, which was enabled by favorable market conditions and our strategic focus on strengthening our operational foundation. I am confident that this same foundation will helppositionusstronglyforthefuture.”

Milaha’s Group Interim President & CEO, Eng.MohammedAbdullaSwidan added “2022 was a great year for Milaha. We were awarded significant new business, which enabled us to expand our operations. And we did so while maintaining the health and safety of our colleagues, onshore and offshore. I am thankful to my colleagues who made this happen through their hard work and dedication. I am confident we can continue to deliver strong sustainable results in the years to come due to our strong balance sheet androbustoperationalplatform.”

The Board of Directors decided to recommend to the General Assembly to distribute a 35% cash dividend of the par value of a share, equivalent to QAR 0.35 per share, representing a payout ratio of 39% of 2022 net profit.

VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING

Gothenburg & Red Sea,

COSCO COSCO Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports.

Indial Indial Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Seahorse Ship U.K., North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos

Globelink Globelink WW U.K., North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens,

Unifeeder Group Unifeeder Ag. U.K., North Continent & Scandinavian Ports. Dron.2 & TLP

TSS L'Global Ag. U.K., North Continent & Scandinavian Ports. Dronagiri-2

AMI Intl. AMI Global U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3

Kalko Faredeal U.K., North Continent & Scandinavian Ports. Dronagiri-3

Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.

Safewater Safewater Lines U.K., North Continent, Red Sea & Med. Ports.

Team Global Team Global Log. U.K., North Continent & Scandinavian Ports. Pun.Conware

20/0221/02 20/02 1200 Niledutch Lion 3307W N2161 265017-06/02 CMA CGM CMA CGM Ag.(I) Hamburg, Antwerp, London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul 27/0228/02 TBA TBA NYK Vesta 0078W N2243 Hapag ISS Shpg. U.K., North Cont., Scandinavian, Red Sea, & Med.Ports. ULA CFS 03/0304/03 TBA TBA Tsingtao Express 3309W COSCO COSCO (I) U.K., North Cont., Scandinavian, Red Sea & Med.Ports. 10/0311/03 TBA TBA Sofia Express 3310W ONE Line ONE (India) Hamburg, Tilbury, Antwerp, Red Sea & Med. Ports. 18/0319/03 TBA TBA Kyoto Express 3311W Gold Star Star Ship Hamburg, Antwerp, Tilbury. (IOS) Oceangate CFS 20/02 21/02 20/02 1200 MSC Azov IV307A N2217 265444-10/02 MSC MSC Agency Gioia Tauro, Valencia, Sines. (INDUSA) Hind Terminal 27/02 28/02 TBA 1200 MSC Silvia IV308A N2232 265618-13/02 06/03 07/03 TBA 1200 Northern Jumboree IV309A 22/0223/02 22/02 0900 MSC Mumbai VIII IU307A N2225 265185-07/02 MSC MSC Agency Haifa. (INDUS) Hind Terminals 24/0225/02 23/02 1200 MSC Ivana IS308A N2230 265615-13/02 MSC MSC Agency U.K., North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals 03/0304/03 02/03 1200 MSC Benedetta XIII IS309A SCI CMT Barcelona,Felixstowe,Hamburg,Rotterdam,Gioia Tauro, 10/0311/03 09/03 1200 MSC Eva IS310A U. K. North Continent & Other Mediterranean Ports. Himalaya Express NBCL Axis Shpg. Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1 Service Allcargo Allcargo Log. U.K., North Cont., Scandinavian & Med. Ports. Dron. 2 & Mul. ICC Line Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3 GLS Global Log. U.K., North Continent & Scandinavian Ports. JWR Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genoa. Team Global TeamGlobalLog. U.K., North Continent & Scandinavian Ports. Pun.Conware TO LOAD

FOR U.K.,

Port Said, La Spezia, Genoa. Fos,

TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from NSIGT

TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from GTI

To

FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from BMCT

DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING

GULF PORTS From NSICT

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TO LOAD FOR WEST ASIA GULF PORTS From GTI

Shpg. Jebel Ali, Sohar.

Feeders Sea Consortium Jebel Ali, Bandar Abbas.

LMR Logistic Ser. Jebel Ali, Bandar Abbas.

QNL/Milaha PoseidonShpg. Jebel Ali, Bandar Abbas.

Cordelia Cordelia Cont. Jebel Ali, Sharjah, Abu Dhabi, Ajman, Dammam,Jubail, Hamad, Baharin, Shuaiba, Shuwaikh, Sohar, Umm Qasr

Alligator Shpg. Aiyer Shpg. Jebel Ali.

BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas. Ashte CFS

Seahorse Ship Gulf Ports.

LMT Orchid Gulf Ports.

Bay Line Freight Conn. Port Sudan & Al Sokhna

ICC Line Neptune UAE & Upper Gulf Ports.

Ceekay Parekh Gulf Ports.

Team Leader Team Leader Dubai, Jebel Ali

Team Lines Team Global Log. Gulf Ports.

TO LOAD FOR WEST ASIA GULF PORTS From BMCT

GDL & DRT

CFS

VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING

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PORTS from GTI

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0141E

0143E

Line Maersk India Pusan, Indonesia, Thailand, Vietnam & Other Indland Destination. Maersk CFS

Lines TS Lines (I)

Pusan, Shanghai,Ningbo, Shekou & South East Asia

East & China Ports. China India Express Service (CIX/ICX)

Star Star Ship Singapore, Kwangyang, Pusan, Shanghai, Ningbo Ocean Gate Sinokor Sinokor India Port Kelang, Singapore, Hong Kong, Kwangyang, Seabird CFS Busan, Shanghai, Ningbo & Other Inland Destination.

02/0303/03 TBA TBA Najade E033 N2240 265801-15/02 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS

09/0310/03 TBA TBA Kumasi E008

COSCO COSCO Shpg. Ningbo, Shekou.

HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS (CI2) CU Lines Seahorse Ship Port Kelang(N), Hongkong, Qingdao, Shanghai.

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from GTI

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MUMBAI: Growing and diversifying merchandise trade itself says it all about the India's growth story, which continues to remain intact year after year as one of the fastest growing economies, said Dr A Sakthivel, President, FIEO. Though merchandise exports have seen some decline during the recent months mainly due to slowdown in the global growth process, rising inflation, volatility in currencies and continuous change in geo-political scenario,Indiahasmoresoremainedstableandresilientwith itsexportsshowingpositivetrendsbarringfewsectors,added FIEO President. Over 8.5% growth in the current fiscal so far is reasonable against the back drop of global headwinds and contracting global trade. FIEO President is also of the view that though the coming months are going to be little challenging unless both global economic growth and geopolitical situation improves drastically, however we will be on course to cross the previous year's goods export target quite easily touching almost USD 435-445 billion with a growth ofover3-5percentthisfiscal.

DrSakthiveladdedthatFIEOinitscontinuousendeavourto handhold and mentor the exporting community thereby promoting India's exports is celebrating its 58th Foundation Day on February 19, 2023. The Celebrations will start with several key Capacity Building Programmes organised across the country under One District One Product and District as ExportHubinitiativeoftheMinistryofCommerceandindustry, Government of India. Earlier, the Federation has successfully conducted over 100 such Capacity Building Programmes on a pan India basis during the last one year promoting more and morehandholdingandmentoringofexportersthroughtraining and skill development, thereby giving further boost to our exports. Over 1000 new exporters joined the mainstream foreign trade sector through such training programmes in districtsacrossthecountryexportinggoodsworthoverRs1500 Cr in a short span. The culmination of the three weeks-long eventswillbebyshowcasing“MakeinIndia”throughtheevent titledSOURCEXINDIA(March9-11,2023)atNewDelhifurther promotingBrandIndiaacrosstheGlobe.

SOURCEX INDIA 2023 (Reverse Buyer Seller Meet -

RBSM) will be India's first Global Market Place for promoting MakeinIndiabrandstogoglobal,coveringbothfood&non-food Fast-MovingConsumerGoods(FMCG)aswellasServices.The RBSM will help India companies to launch successful Indian brands to international markets. Besides, SOURCEX INDIA will also showcase India's select services, which have the potential to be franchised overseas. Further, it would also be highlighting our major focus sectors including Food, Pharma & Ayurveda, Handicrafts, Handloom, FMCG & FMCD, Gifts, Textiles and Allied Commodities. Over 250 buyers from across 35 countries and 7 regions representing supermarkets, hypermarkets,retailchains,importersandbuyinghouseshave already shown their interest and expected to participate in this megaevent,reiteratedDrSakthivel.

FIEO President also added that during the last 10 months, FIEO has represented India in 39 International shows (36 Physical and 3 Virtual) in various new & emerging markets including Jordan, Kyrgyzstan, Serbia, Portugal, Bangladesh, Japan, Azerbaijan, Uzbekistan, Poland, Romania and Cuba etc. through participation in International Expos in the respective countries.Besides,theFederationalsoorganised“BestofIndia Expo” at Dhaka, Bangladesh as a nodal agency of Department of Commerce and organised the first-ever business delegation to Philippines; International Conference on MSMEs with Speakers from Oman & Nepal and a B2B Meet with incoming 47-memberbusinessdelegationfromTanzania.

The Federation also conducted an analysis for identifying a list of probable 75 textile districts having the potential to be developed like the Tirupur textile cluster. Further FIEO's Business Incubation Centre provides handholding support to the new entrepreneurs starting from selecting right product, identify the country to export, connecting with bankers, identify suppliers and helping them in logistics and documentation. The Centre gives right environment to have focused and conscious effort for export business and has turnedover500newentrepreneursintonewMSMEexporters doing exports worth of over Rs 2500 Cr. Besides, the Federation also provided support on a variety of issues relatingtomarketaccess,standards,safetyandregulationsin overseasmarkets,opinedPresident,FIEO.