Gulf Navigation Holding PJSC logotype

Gulf Navigation Holding PJSC

GULFNAV

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Gulf Navigation Holding PJSC

Logotype for Gulf Navigation Holding PJSC
Ticker/ISIN
GULFNAV
AEG000601019
Market/Country
Dubai Financial Market
United Arab Emirates

About Gulf Navigation Holding PJSC

Gulf Navigation Holding (“the Company”) changed its legal form to Public Joint Stock Company and became Gulf Navigation Holding PJSC in October 2006. The Company is a holding company with shipping and maritime related activities undertaken through its subsidiaries.  The business areas encompass marine transportation of commodities, chartering of vessels, ship agencies, marine transport undertaken by special passengers and merchant contracts, clearing and forwarding services and container loading, unloading, discharging and packing services etc.

Latest Pressrelease Summaries from Gulf Navigation Holding PJSC

The Board of Directors of Gulf Navigation Holding PJSC held a meeting on Thursday, 31 July 2025. During this meeting, they approved regular matters and other business-related issues of the company. The information was communicated by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC, to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Waleed Saed Al Awadhi, CEO of the Securities and Commodities Authority.
On July 31, 2025, Gulf Navigation Holding PJSC informed Hamed Ahmed Ali, the CEO of the Dubai Financial Market, about an increase in the permitted percentage of foreign ownership in the company’s capital. The limit has been raised from 49% to 100% according to Article 7 of the company's articles of association. The last trading date under the 49% limit will be August 1, 2025, and the new limit will take effect on August 4, 2025. This information was communicated by Nader Muqbel, the Investor Relations Director.
The text is a formal notification regarding a Board of Directors meeting for Gulf Navigation Holding PJSC. The meeting is scheduled to take place on Thursday, 31 July 2025, at 10:00 am. The agenda includes regular matters and any other business related to the company. The notification is addressed to H.E. Hamed Ahmed Ali, CEO of Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority. The message is signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.
Gulf Navigation Holding PJSC (GULFNAV), a maritime and shipping company listed on the Dubai Financial Market, has successfully completed its AED 500 million Mandatory Convertible Bond (MCB) offering. The total subscriptions exceeded AED 520 million, with bonds priced at AED 1.10 each, set to convert into shares by October 29, 2025. This offering is part of GULFNAV's AED 3.2 billion acquisition of Brooge Energy Limited's assets, aimed at expanding into the regional energy infrastructure sector. The funds will cover the cash component of the acquisition, while the remainder will be settled through issuing new shares and additional MCBs to Brooge. The company will not open a second tranche for major shareholders as the required amount was raised in the first tranche. Chairman Sheikh Theyab bin Tahnoon bin Mohammad Al Nahyan expressed gratitude to shareholders and stakeholders, emphasizing the company's commitment to completing the acquisition and enhancing its role in regional logistics solutions.
Gulf Navigation Holding PJSC announced the successful completion of its Mandatory Convertible Bonds (MCBs) subscription, raising over AED 520 million, surpassing the target of AED 500 million. This indicates strong investor confidence in the company's strategic direction and future prospects. The subscription process is officially closed, and there will be no second tranche for major shareholders as the required capital was fully raised in the first tranche. The MCBs will be converted into shares by October 29, 2025, as per the approved terms. The company expressed gratitude to participating shareholders and reaffirmed its commitment to transparency, regulatory compliance, and long-term value creation.
The Board of Directors of Gulf Navigation Holding PJSC has issued a Shareholders' Circular to inform eligible shareholders about the issuance of mandatory convertible bonds. These bonds will be convertible into shares at a specified issue price and will be offered to the eligible shareholders of the company.
The Board of Directors of Gulf Navigation Holding PJSC is inviting shareholders to a general assembly meeting on July 10, 2025, at the Novotel Hotel in Dubai and online. The meeting will address the acquisition of Brooge Petroleum & Gas Investments FZE, Brooge Petroleum & Gas Investments Phase III FZE, and BPGIC Phase 3 Limited. A special resolution will be considered to approve the transfer and registration of shares and mandatory convertible bonds to Brooge Energy Limited or its ultimate beneficial owners, ensuring no owner exceeds 30% of the company's share capital, with a one-year lock-up period for the bonds' conversion into shares, in compliance with regulatory and economic standards.
Gulf Navigation Holding PJSC (GULFNAV) has signed an AED 3.2 billion acquisition agreement with Brooge Energy Limited, a NASDAQ-listed company specializing in crude oil and fuel storage. The agreement, formalized at a ceremony in Dubai, marks GULFNAV's acquisition of Brooge's assets and subsidiaries. This strategic move aims to enhance GULFNAV's capabilities in energy logistics by expanding its storage and infrastructure capacities. The acquisition involves a payment structure that includes cash, new shares, and Mandatory Convertible Bonds (MCBs). Specifically, 358.8 million new shares will be issued to Brooge, AED 2.336 billion in MCBs will be convertible at AED 1.25 per share, AED 500 million in MCBs will be offered to GULFNAV’s existing shareholders, and a cash component of AED 460 million will be included. Brooge, founded in 2013, is recognized for its advanced technology in oil storage and has a significant presence in Fujairah.

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News Update From Gulf Navigation Holding PJSC

Disclosure: Results of BOD meeting held by circulation

On 11th January 2024, the Board of Directors of Gulf Navigation Holding PJSC passed a resolution regarding ordinary and internal matters. The information was communicated by Nader Muqbel, the Investor Relations Director of the company. The notice was addressed to H.E. Hamed Ahmed Ali, CEO of Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of Securities and Commodities Authority in Abu Dhabi.

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News Update From Gulf Navigation Holding PJSC

Disclosure: Board Decisions by Passing

The Chief Executive Officer of Gulf Navigation Holding PJSC, Nader Muqbel, has informed the Dubai Financial Market and the Securities and Commodities Authority in the United Arab Emirates that the company's Board of Directors will pass a resolution by circulation on 11 January 2024 at 5:00 pm. The resolution will pertain to ordinary and internal matters.

1. Attached Document

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FinanceMan

Commented on Gulf Navigation Holding PJSCs

Did you know that Gulf Navigation holding is located on the 39th Floor, API Trio Office Tower - Sheikh Zayed Rd - Dubai
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FinanceMan

Commented on Gulf Navigation Holding PJSCs

What is the share price of gulf navigation holding pjsc?
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FinanceMan

Current (2024-01-05) share price is around 7.15 AED
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FinanceMan

Commented on Gulf Navigation Holding PJSCs

Make sure to check out the annual reports for Gulf navigation holding pjsc annual report, by click on "disclosures" (on the left).
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TradevesterStallone

Commented on FinanceBroAEDs Transaction regarding Gulf Navigation Holding PJSC

Hey, tough day, huh? Keep your chin up, FinanceBroAED. Diversify into Materials. That's where I'm at. Remember, it ain't about how hard ya hit. It's about how hard you can get hit and keep moving forward!
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FinanceBroAED

Commented on ShareUkKhans Transaction regarding Gulf Navigation Holding PJSC

69 shares in Gulf Navigation, huh? Hope that ship doesn't sink like my yield this month! Let's ride the wave together, mate!
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News Update From Gulf Navigation Holding PJSC

Disclosure: Notification from the Company

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News Update From Gulf Navigation Holding PJSC

Disclosure: Press Release

Dubai-based maritime and shipping company, Gulf Navigation Holding PJSC (GULFNAV), has increased its stake in Gulf Navigation Polimar Maritime from 60% to 100% by acquiring the remaining 40% from the Turkish Polimar Holding Company. This move aims to boost revenues and expand its agency business. The company also announced that it has submitted a formal proposal to fully acquire Brooge Petroleum and Gas Investment Company (BPGIC) from Brooge Energy Limited. This proposal is currently under review with financial and legal advisors, and the company is waiting for necessary regulatory approvals.

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News Update From Gulf Navigation Holding PJSC

Disclosure: Results of BOD meeting held by circulation

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