Press releases, Reports & Disclosures for Gulf Navigation Holding PJSC

The letter dated 9th February 2024, is from Nader Muqbel, Investor Relations Director at Gulf Navigation Holding PJSC, to H.E. Hamed Ahmed Ali, CEO of Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of Securities and Commodities Authority in Abu Dhabi. The letter informs them of a Board of Directors meeting scheduled for 14th February 2024. The agenda includes considering the approval of the resignation of Mrs. Muhra Al Ali from her position as a Board member and the appointment of a new Board member to fill the vacant position, and discussing regular matters and any other business of the Company.

Dubai-based maritime and shipping company, Gulf Navigation Holding (GULFNAV), has signed a Memorandum of Understanding (MoU) with Wings Logistics Hub, a Multi-Level Group company. The MoU aims to enhance maritime transport by utilizing drones in shipping agency services across UAE ports. Wings Logistics Hub, which specializes in smart mobility, logistics tech, and omnichannel solutions, will provide drone services for various shipping operations. The partnership intends to increase revenues by expanding agency services and improving service quality through technology.

On 11th January 2024, the Board of Directors of Gulf Navigation Holding PJSC passed a resolution regarding ordinary and internal matters. The information was communicated by Nader Muqbel, the Investor Relations Director of the company. The notice was addressed to H.E. Hamed Ahmed Ali, CEO of Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of Securities and Commodities Authority in Abu Dhabi.

The Chief Executive Officer of Gulf Navigation Holding PJSC, Nader Muqbel, has informed the Dubai Financial Market and the Securities and Commodities Authority in the United Arab Emirates that the company's Board of Directors will pass a resolution by circulation on 11 January 2024 at 5:00 pm. The resolution will pertain to ordinary and internal matters.

Dubai-based maritime and shipping company, Gulf Navigation Holding PJSC (GULFNAV), has increased its stake in Gulf Navigation Polimar Maritime from 60% to 100% by acquiring the remaining 40% from the Turkish Polimar Holding Company. This move aims to boost revenues and expand its agency business. The company also announced that it has submitted a formal proposal to fully acquire Brooge Petroleum and Gas Investment Company (BPGIC) from Brooge Energy Limited. This proposal is currently under review with financial and legal advisors, and the company is waiting for necessary regulatory approvals.