Gulf Navigation Holding PJSC

A notification was sent to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority, informing them of an upcoming Board of Directors meeting for Gulf Navigation Holding PJSC. The meeting is scheduled for Friday, 14 November 2025, at 10:00 am. The agenda includes reviewing and potentially approving the interim financial statements for the nine-month period ending 30 September 2025, along with discussing regular company matters and any other business. The notification was signed by Ali Abouda, the Chief Finance and Operations Officer of Gulf Navigation Holding PJSC.

The Board of Directors of Gulf Navigation Holding PJSC held a meeting on Friday, 7 November 2025. During the meeting, they approved the appointment of Suhail Suhail Al Mazrouei as a new Board member to fill a vacant seat. This appointment is subject to approval at the company's upcoming general assembly meeting. The communication was addressed to H.E. Hamed Ahmed Ali, CEO of Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority, and was signed by Ali Abouda, Chief Finance & Operation Officer of Gulf Navigation Holding PJSC.

The text is a formal notification addressed to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority in Abu Dhabi. It informs them about an upcoming Board of Directors meeting for Gulf Navigation Holding PJSC. The meeting is scheduled for Friday, 7 November 2025, at 10:00 am. The agenda includes appointing a new board member to fill a vacant seat and discussing regular matters and any other business related to the company. The notification is signed by Ali Abouda, the Chief Finance & Operations Officer of Gulf Navigation Holding PJSC.

On 4 November 2025, a letter was addressed to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority, regarding the resignation of a board member. Mr. Abdel Hadi Al Sadi has resigned from his position as a Board Member of Gulf Navigation Holding PJSC, effective from the same date. The letter was signed by Ali Abouda, Chief Finance & Operation Officer of Gulf Navigation Holding PJSC.

On 3 November 2025, the Board of Directors of Gulf Navigation Holding PJSC held a meeting where they approved the appointment of Eng. Rudina Al Hamzye as a new Board member to fill a vacant female Board seat. This appointment is subject to the endorsement of the upcoming general assembly meeting of the Company. The notice was communicated by Ali Abouda, the Chief Finance & Operation Officer of Gulf Navigation Holding PJSC.

The Board of Directors of Gulf Navigation Holding PJSC is scheduled to meet on Monday, November 3, 2025, at 3:00 PM. The agenda includes appointing a new Board member to fill a vacant female seat and addressing regular company matters and any other business. The notification is addressed to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority in Abu Dhabi. The notice is signed by Ali Abouda, the Chief Finance and Operations Officer of Gulf Navigation Holding PJSC.

The text is a formal communication from Ali Abouda, Chief Finance & Operation Officer of Gulf Navigation Holding PJSC, addressed to Mr. Hamed Ahmad Ali, CEO of Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority (SCA). It discusses the activation of a capital increase for Gulf Navigation Holding PJSC, which was approved during the company's General Assembly Meeting on March 13, 2025. The capital increase involves issuing mandatory convertible bonds worth AED 500,000,000 at AED 1.10 per bond, to be converted into shares within three months. These bonds are allocated exclusively to current shareholders, with major shareholders agreeing not to subscribe unless minor investors do not fully subscribe during the last two days of the subscription period. The company is completing the necessary requirements with the SCA and will announce the activation dates on the Dubai Financial Market once SCA approval is obtained.