Gulf Navigation Holding PJSC

Gulf Navigation Holding PJSC

Pressreleases, Reports and Disclosures for Gulf Navigation Holding PJSC

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Dubai Financial Market News
Disclosure: Press release

The financial platform has announced that the company, Al Khaleej Investment, has received a "B+" rating for its issuance of bonds valued at 612 million Emirati dirhams (approximately 167 million US dollars) due in December 2025. The rating reflects the company's strategic transformation efforts and long-term growth plans. The issuance aims to support the company's strategic transition and growth plans while reducing financing costs and enhancing financial flexibility. The company recently acquired a project, which will further assist in its strategic transformation and implementation of long-term growth plans. The issuance is expected to strengthen investor confidence and support the company's strategic objectives.

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Dubai Financial Market News
Disclosure: Notification from the company

Gulf Navigation Holding PJSC has appointed a new Chairman, who expressed confidence in the company's financial health and strategic direction. The company has recently acquired Brooge Energy Limited's assets in Fujairah, valued at approximately AED 3.2 billion. This acquisition was financed through a combination of cash and shares, including a AED 460 million cash payment funded by a AED 500 million capital increase. The remaining amount was settled through shares and mandatory convertible bonds issued to Brooge shareholders. After converting these bonds into equity, Gulf Navigation's share capital is expected to increase to about AED 3.5 billion, strengthening its financial position. The acquisition adds high-quality, income-generating assets to the company's portfolio, enhancing its energy infrastructure capabilities.

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Dubai Financial Market News
Disclosure: Results of BOD Meeting

The Board of Directors of Gulf Navigation Holding PJSC held a meeting on December 17, 2025. During the meeting, the following resolutions were made: His Excellency Suhail Al Mazrouei relinquished his position as Vice Chairman and Board member, and was appointed as Chairman of the Board. Mr. Rasool Alameri was appointed as Vice Chairman, with these appointments subject to confirmation or further review. Mr. Saif Ibrahim Ahmad Alhazaimeh was appointed as acting CEO of the Company. Additionally, the appointment of Mr. Jimmy Rashed was revoked.

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Dubai Financial Market News
Disclosure: Notification from the company

The text is a notification from Gulf Navigation Holding PJSC to its shareholders. It informs them that the Board of Directors will meet on Wednesday, 17 December 2025, to discuss the resignation of H.E. Suhail Almazrouei from his position as Vice Chairman. Additionally, the Board will consider appointing a new Board member and electing a new Chairman and Vice Chairman. The notification is signed by Ahmad Kilani, a Board Member of Gulf Navigation Holding PJSC.

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Dubai Financial Market News
Disclosure: Resignation of Vice Chairman

On 16 December 2025, a letter 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 in Abu Dhabi, United Arab Emirates. The letter announced the resignation of H.E. Suhail Almazrouei from his position as Vice Chairman and board member of Gulf Navigation Holding PJSC, effective 15 December 2025. The letter was signed by Ali Abouda, Chief Finance & Operations Officer of Gulf Navigation Holding PJSC.

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Dubai Financial Market News
Disclosure: BOD meeting

The text is a notification about a Board of Directors meeting for Gulf Navigation Holding PJSC, scheduled for Wednesday, 17 December 2025, at 10:00 am. The meeting will discuss regular matters and any other business related to the company. The notification is issued by Ali Abouda, the Chief Finance & Operations Officer of Gulf Navigation Holding PJSC. Additionally, it includes references 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, although their specific roles in this context are not detailed.

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Dubai Financial Market News
Disclosure: Clarification from the company

The letter, dated October 12, 2025, from Ali Abouda, Chief Finance & Operation Officer of Gulf Navigation Holding PJSC, addresses a decline in the company's share price observed from November 24, 2025, to the date of the disclosure. The company clarifies to its shareholders that there is no undisclosed information, operational or technical updates, or significant developments that could have adversely affected the share price during this period. Gulf Navigation affirms that it has disclosed all material information in compliance with applicable laws and Dubai Financial Market (DFM) disclosure requirements, with no pending events or decisions unannounced. The company emphasizes its commitment to transparency and regulatory compliance, promising to disclose any material developments promptly.

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Dubai Financial Market News
Disclosure: Results of BOD Meeting

On December 9, 2025, the Board of Directors of Gulf Navigation Holding PJSC held a meeting. During this meeting, they approved regular company matters and other business. Additionally, Mr. Alvaro Benevides was appointed as the Board Secretary. The communication is signed by Ali Abouda, the Chief Finance & Operation Officer of Gulf Navigation Holding PJSC.

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Dubai Financial Market News
Disclosure: BOD meeting

The Board of Directors of Gulf Navigation Holding PJSC is scheduled to meet on Tuesday, December 9, 2025, at 10:00 AM. The meeting will address regular company matters and any other business that may arise. This notification was issued by Ali Abouda, the Chief Finance and Operations Officer of Gulf Navigation Holding PJSC.

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Dubai Financial Market News
Disclosure: Press release

Gulf Navigation Holding PJSC, a maritime and energy logistics company listed on the Dubai Financial Market, invites investors to a virtual presentation on December 5, 2025. The presentation will cover the recent acquisition of Brooge Energy assets, detailing its strategic and financial impact, and outline future growth plans in maritime, logistics, and energy infrastructure. Topics will include integration progress, synergies, strategic initiatives, and financial developments. Investors can register and submit questions in advance, with key questions addressed in a live Q&A. Gulf Navigation emphasizes its commitment to transparency and investor engagement.

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Dubai Financial Market News
Disclosure: Notification from the company

On 28 November 2025, Ahmad Kilani resigned from his position as the Chief Executive Officer of Gulf Navigation Holding PJSC. He will continue to fulfill his responsibilities during the transition period as agreed with the Board of Directors. Additionally, he will maintain his role as a member of the company's Board of Directors. The letter is signed by Ali Abouda, the Chief Finance & Operation Officer of Gulf Navigation Holding PJSC.

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Dubai Financial Market News
Disclosure: Press release

Gulf Navigation Holding PJSC has successfully closed a AED 613 million (USD 167 million) three-year senior secured Sukuk, arranged and underwritten by HSBC, to refinance the outstanding bonds of Brooge Petroleum & Gas Investment Company FZE. This financing will also support further investment in expanding storage facilities in Fujairah. The transaction marks a significant step following Gulf Navigation's acquisition of BPGIC, enhancing the financial and operational capabilities of the combined entity. The Sukuk issuance aligns with the company's strategy to create a more integrated and sustainable energy logistics platform. HSBC's Private Credit and Debt Capital Markets teams facilitated the transaction, with legal advice from A&O Shearman for HSBC and Hogan Lovells for the issuer. The refinancing is part of Gulf Navigation's broader capital optimization program aimed at improving liquidity, financial flexibility, and long-term shareholder value.

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