
Gulf Navigation Holding PJSC
Pressreleases, Reports and Disclosures for Gulf Navigation Holding PJSC
Gulf Navigation Holding PJSC, listed on the Dubai Financial Market, has announced that its operations are continuing normally and without any interruptions. This reflects the robustness of its business model and the integration of its assets. The company confirms that its petroleum products and crude oil storage facilities in Fujairah are operating at full capacity, providing storage, handling, and logistics services according to approved plans. This ensures the company meets its commitments to customers and strategic partners. Additionally, all company-owned and managed vessels, including oil and petrochemical tankers, are conducting their scheduled commercial operations without any disruptions. The company monitors vessel positions through internal fleet management systems and third-party tracking services.
On 27 February 2026, the Board of Directors of Gulf Navigation Holding PJSC held a meeting where they ratified previously circulated resolutions. Key decisions included approving a new company name, subject to regulatory and shareholder approval, which was initially disclosed following the board meeting on 27 November 2025. The board accepted the resignation of Ali Eltaher Elmabrouk Abouda as Chief Financial Officer and appointed Tamer El Akkad to the position effective 02 February 2026. They also accepted the resignation of Ahmad Al Kilani from the board effective 11 February 2026. Additionally, the board approved a Phase 3A proposal related to tanks 411 and 412 as part of a 1.1 million cubic meter capacity expansion program.
On 24 February 2026, a notification was issued regarding a Board of Directors meeting for Gulf Navigation Holding PJSC, scheduled for Friday, 27 February 2026, at 10:00 am. The agenda includes recording resolutions passed by circulation, changing the company's name subject to regulatory approval, appointing senior executive officers and accepting a board member's resignation, approving a Phase 3A proposal related to tank expansion, and addressing regular matters and other business.
On 21 January 2026, the Board of Directors of Gulf Navigation Holding PJSC held a meeting where they resolved to convert 603,540,729 Mandatory Convertible Bonds into the same number of shares. This conversion will increase the company's share capital from AED 2,586,713,159 to AED 3,190,253,888, subject to approval from the Capital Market Authority and completion of necessary procedures with regulatory authorities. Additionally, the Board approved regular matters and any other business of the company.
The Board of Directors of Gulf Navigation Holding PJSC will hold a meeting on Wednesday, 21 January 2026, at 10:00 am. The agenda includes considering the approval to convert a number of mandatory convertible bonds into shares, contingent upon the approval of the Capital Market Authority, as well as addressing regular matters and any other business of the company. The notification is signed by Alvaro Benevides, the Board Secretary of Gulf Navigation Holding PJSC.
On 29 December 2025, the Board of Directors of Gulf Navigation Holding PJSC held a meeting. During this meeting, they approved regular matters and addressed any other business related to the company. 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. The letter was signed by Alvaro Benevides, the Board Secretary of Gulf Navigation Holding PJSC.
On 24 December 2025, a notification was sent 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, informing them of a scheduled Board of Directors meeting for Gulf Navigation Holding PJSC. The meeting is set to take place on Monday, 29 December 2025, at 10:00 am. The agenda includes regular matters and any other business related to the company. The notification was signed by Ali Abouda, Chief Finance & Operation Officer of Gulf Navigation Holding PJSC.
Gulf Navigation Holding, listed on the Dubai Financial Market, has announced the start of the Final Engineering Design (FEED) work for a specialized refinery project aimed at producing high-quality gasoline in Fujairah. This project, which will produce Euro 5 compliant gasoline, is being developed through its wholly-owned subsidiary, Brooge Petroleum and Gas Investments (BPGIC). The official kick-off for the design phase has commenced, with collaboration from the Italian company PEG and Honeywell UOP providing licensed technologies. The project is being executed within an integrated engineering framework that adheres to approved technical standards and global best practices for designing specialized refining facilities.