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 document is a notification regarding a scheduled board meeting of Gulf Navigation Holding PJSC. The meeting is set to take place on Wednesday, 14 May 2025, at 10:00 am. The agenda includes considering the approval of interim financial statements for the three-month period ending 31 March 2025, discussing the possibility of calling a general assembly meeting pending approval from the Securities and Commodities Authority, and proposing an amendment to the company's Articles of Association to increase foreign ownership percentage in the company's shares. Additionally, the meeting will address any other matters that may arise. The notification is signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.

Disclosure: BOD meeting

3 days ago

The document is a list of nominees for the Board of Directors of Gulf Navigation Holding PJSC, dated April 27, 2025. It includes two nominees: Mohammed Ali Mohammed Ahmed Althawadi and Ahmed Khalifa Saif Khalifa Alqubaisi, both of whom are non-executive and independent members. The information is provided by Nader Muqbel, the Director of Investor Relations at Gulf Navigation Holding PJSC.

Disclosure: Nominees for Board of Directors membership

15 days ago

Gulf Navigation Holding PJSC has announced the opening of the nomination period for its Board of Directors membership. The nomination period is from April 9 to April 18, 2025. Eligible individuals or shareholders can apply by submitting an application to the company's headquarters in Dubai, accompanied by a brief profile and the desired membership category (Executive, Non-Executive, or Independent Member). Two board members will be elected, and the process complies with relevant governance regulations. Applications must include specific documents as per regulatory requirements. After the nomination period, candidates cannot transfer their candidacy, and the list of nominees will be published on April 27, 2025, and submitted to the Securities and Commodities Authority and the Dubai Financial Market.

Disclosure: Opens the nominations for BOD membership

a month ago

The text provides instructions for completing and submitting a proxy form to Abu Dhabi Commercial Bank. Shareholders of Gulf Navigation Holding Company are required to fill out the form, appoint a representative to vote on their behalf at the General Assembly meeting on April 30, 2025, and send the form along with supporting documents to the specified email address. The form includes spaces for the shareholder's information, the representative's details, and the contact information of the financial broker or entity that verified the proxy.

Disclosure: Invitation of General Assembly

a month ago

GULFNAV announced its financial results for 2024, reporting a net loss of AED 20 million due to strategic investments aimed at enhancing long-term operations. The company focused on fleet modernization, operational efficiency, and eco-friendly technologies to comply with maritime regulations and sustainability standards. Despite short-term financial challenges, GULFNAV expects a recovery in petrochemical shipping demand in 2025. It received shareholder approval to acquire Brooge Energy Limited's assets for AED 3.2 billion, which includes new shares, convertible bonds, and cash, pending further approvals. GULFNAV aims to strengthen its financial health, optimize costs, and expand through strategic partnerships.

Disclosure: Press release

a month ago

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.

Disclosure: Results of BOD Meeting

a month ago

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.

Disclosure: Press release

2 months ago

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.

Disclosure: Resolutions of General Assembly

2 months ago

Threads

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DFM News

News Update From Gulf Navigation Holding PJSC a year ago

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

FinanceMan

Commented on Gulf Navigation Holding PJSCs a year ago

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

FinanceMan

Commented on Gulf Navigation Holding PJSCs a year ago

What is the share price of gulf navigation holding pjsc?

FinanceMan

a year ago

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

FinanceMan

Commented on Gulf Navigation Holding PJSCs a year ago

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

TradevesterStallone

Commented on FinanceBroAEDs Transaction regarding Gulf Navigation Holding PJSC a year ago

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!

FinanceBroAED

Commented on ShareUkKhans Transaction regarding Gulf Navigation Holding PJSC a year ago

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

DFM News

News Update From Gulf Navigation Holding PJSC a year ago

Disclosure: Notification from the Company

1. Attached Document

DFM News

News Update From Gulf Navigation Holding PJSC a year ago

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.

1. Attached Document

DFM News

News Update From Gulf Navigation Holding PJSC a year ago

Disclosure: Results of BOD meeting held by circulation

1. Attached Document

DFM News

News Update From Gulf Navigation Holding PJSC a year ago

Disclosure: Board Decisions by Passing

On December 20, 2023, the Gulf Navigation Holding PJSC ("Company") announced that its Board of Directors will pass a resolution by circulation on December 25, 2023. The agenda includes approving the resignation of Mr. Ahmad Kilani from his board membership position as the Managing Director and appointing a new Board member to fill the vacant position. The Board will also consider the formation of an investment committee, the appointment of a Board Secretary, and discuss any other business. The communication was conveyed by Nader Muqbel, the Investor Relations Director at Gulf Navigation Holding PJSC.

1. Attached Document

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