Qatar Shipping Company S.P.C. signed a sale and purchase agreement to acquire 5.9% stake in Qatar Gas Transport Company Limited (Nakilat) (QPSC) (DSM:QGTS) from Qatar Investment Authority for approximately QR 600 million on February 4, 2019. The consideration will be made in cash. Qatar Navigation, parent of Qatar shipping, will own directly and indirectly, approximately 36.3% in QPSC post completion. Qatar Investment Authority will sell its entire stake as a part of the transaction. The deal is subject to regulatory approvals from the Qatar Financial Markets Authority and the Qatar Central Depository Company.