Proceeds from the facility will be utilized by Qatar Shipping to fund the ongoing construction of 19 harbor assistance vessels. The vessels will be deployed in Mesaieed Port on a 20-year, QR1.8bn contract, signed with Qatar Petroleum in 2011. The financing was arranged by Milaha Capital, another wholly-owned Milaha subsidiary, which provides corporate finance advisory services to the group as part of its mandate. The financing agreement was signed by Milaha's President & CEO Khalifa bin Ali Al-Hetmi and Mr. Abdulla Mubarak Al Khalifa, General Manager Corporate Banking from QNB Group. Also in attendance were senior executives from Milaha, its subsidiaries and QNB. Speaking on the occasion, Mr.
