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.

Gulf Navigation Holding PJSC (GULFNAV), a maritime and shipping company listed on the Dubai Financial Market, reported its unaudited financial results for the second quarter ending June 30, 2025. The company achieved a net profit of 7.4 million dirhams, marking a return to profitability. Revenue increased to AED 28.5 million, a 110% rise from AED 13.6 million in Q2 2024. Gross profit was AED 6.2 million, compared to a gross loss of AED 12.5 million in the previous year, while direct costs decreased by 22% to AED 22.3 million. Cash and bank balances rose to AED 24.4 million from AED 5.2 million at the end of 2024. The improvements were attributed to higher vessel chartering activity, better fleet utilization, and cost discipline. CEO Ahmad Kilani highlighted the company's focus on fleet efficiency and financial management, as well as a strategic acquisition to enhance competitive capabilities and growth prospects.