The Board of Directors of Gulf Navigation Holding PJSC held a meeting on March 27, 2025, and made several resolutions. They approved the audited financial statements for the year ending December 31, 2024. They also agreed to call for the annual general assembly meeting on April 30, 2025, subject to the approval of the Securities and Commodities Authority. The agenda for this meeting was approved, also pending the same approval. Additionally, the board recommended to the general assembly that no dividends be distributed for the financial year ending December 31, 2024. Finally, they recommended amending Article 43 of the company's articles of association regarding the method of announcing the general assembly meeting to align with governance regulations.

Gulf Navigation Holding PJSC (GULFNAV), a company listed on the Dubai Financial Market, announced that its shareholders have approved the acquisition of assets and companies owned by Brooge Energy Limited (BEL) for AED 3.2 billion. The approval was given at a General Assembly Meeting on March 13, 2025. The acquisition includes Brooge Petroleum and Gas Investment Company FZE and its related entities. This move is expected to enhance GULFNAV's capabilities and market position in the midstream oil & gas and logistics sectors. The transaction will be settled through a mix of cash, newly issued shares, and Mandatory Convertible Bonds (MCBs). New shares and MCBs will be issued to BEL, with additional MCBs offered to existing GULFNAV shareholders. A cash payment of AED 460 million is also part of the settlement. The acquisition is part of GULFNAV's strategy to strengthen its presence in the energy sector by expanding storage and logistics capabilities, leveraging BEL's advanced infrastructure to improve operations and add value for stakeholders.

The General Assembly of Gulf Navigation Holding PJSC was held on March 13, 2025, both in person at the Novotel Hotel in Dubai and electronically. The assembly made several resolutions: 1. They approved the presentation concerning the acquisition transaction and the increase in share capital, which involves the conversion of mandatory convertible bonds into shares to acquire companies and assets owned by Brooge Energy Limited. 2. They did not approve the valuation report prepared by an independent valuer appointed by the Securities and Commodities Authority, and the implications of this valuation were presented to the shareholders and the company. 3. They approved the valuation report prepared by the company's advisor for both the company and the acquired companies, with the Board of Directors recommending shareholder approval of this valuation.

Gulf Navigation Holding PJSC has released its preliminary unaudited results for the year ending December 31, 2024. The company was established on November 6, 2006, and has a paid-up, subscribed, and authorized capital of AED 837,695,625. The Chairman of the Board is H.H. Sheikh Theyab Bin Tahnoon Bin Mohammad Al Nahyan. The external auditor for the company is Grant Thornton Audit and Accounting Limited Corporation (BVI). The company's mailing address is 39th Floor API Trio Tower, Al Barsha 1, P.O. Box 49651, Dubai, UAE, with contact details including a telephone number of +971 4 4270104, a fax number of +971 4 4270103, and an email address at info@gulfnav.com.

The Board of Directors of Gulf Navigation Holding PJSC held a meeting on January 23, 2025. During the meeting, they discussed developments related to the acquisition of companies and assets owned by Brooge Energy Limited. The Board decided to submit recommendations to the Securities and Commodities Authority regarding the valuation and importance of completing the acquisition for the company and its shareholders. Additionally, the Board approved calling a general assembly to discuss and approve the recent developments of the acquisition, contingent upon obtaining approval from the Securities and Commodities Authority. The communication was signed by Nader Muqbel, Investor Relations Director at Gulf Navigation Holding PJSC.