Gulf Navigation Holding PJSC

Gulf Navigation Holding PJSC has announced that its Board of Directors will issue a resolution by circulation on Wednesday, 3 July 2024, at 3:00 PM. The agenda includes considering the resignation of Mr. Mazen Jaber Al Dahmani from his position as a Board member and appointing a new Board member to fill the vacant position. Additionally, the Board will address regular matters and any other business of the Company.

On 28 June 2024, Gulf Navigation Holding PJSC announced the resignation of Mr. Mazen Jaber Al Dahmani from his position as a Board member, effective 27 June 2024. The announcement was addressed to H.E. Hamed Ahmed Ali, CEO of Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority. The communication was signed by Nader Muqbel, Investor Relations Director.

On June 11, 2024, Gulf Navigation Holding PJSC held a Board of Directors meeting. The following decisions were made: 1. Accepted the resignation of Mr. Mohamed Abdulrahman Amiri from his position as Vice Chairman. 2. Approved the appointment of Mr. Ahmad Kilani as a new Executive Board member, subject to approval at the upcoming general assembly meeting. 3. Elected Dr. Abdulrahman Mahmoud AlAfifi as the new Vice Chairman of the Board. 4. Discussed updates on the acquisition of companies and assets owned by Brooge Energy Limited, presented the results of legal and financial due diligence, and authorized Mr. Ahmad Kilani to negotiate and sign the Term Sheet. 5. Approved regular matters and other business of the Company. The communication was signed by Nader Muqbel, Investor Relations Director at Gulf Navigation Holding PJSC.