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On Thursday, May 15, 2025, BHM Capital Financial Services P.S.C. released the results of a board of directors meeting held on Wednesday, May 14, 2025. The meeting took place from 3:30 PM to 4:30 PM, with all seven board members present, achieving a 100% quorum. During the meeting, the board approved the Q1 financial statements for 2025 and discussed other routine operational matters. The information was communicated by Abdel Hadi Al Sadi, the Chief Executive Officer of BHM Capital Financial Services P.S.C.
The Board of Directors of Gulf Navigation Holding PJSC held a meeting on 14 May 2025. During this meeting, they approved the interim financial statements for the three-month period ending 31 March 2025. Additionally, they agreed to call for a general assembly meeting, pending approval from the Securities and Commodities Authority. The general assembly will consider two main issues: a proposal to amend the company’s Articles of Association to increase foreign ownership of the company's shares, and amendments to the structure of an acquisition transaction to allow the transfer of bonds and shares from Borouge Energy Limited to third parties, including its ultimate beneficial owners.