Gulf Navigation Holding PJSC

Gulf Navigation Holding PJSC

GULFNAV

1 week

0.02 %

1 month

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3 months

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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

Gulf Navigation Holding PJSC has informed its shareholders about the approval from the Securities and Commodities Authority to amend certain agenda items for their upcoming General Assembly meeting. The meeting is scheduled for January 2, 2025, at 3:00 PM, and will be held both physically at the Novotel Hotel in Dubai and electronically. The revised agenda includes: 1. Reviewing the details of an acquisition transaction involving a cash and in-kind capital increase through converting mandatory convertible bonds into shares for acquiring companies and assets owned by Brooge Energy Limited. 2. Considering and approving a valuation report by an independent valuer appointed by the Securities and Commodities Authority, which includes calculating the conversion ratio of the convertible bonds into shares. 3. Reviewing and approving the Board of Directors' report and a valuation report justifying the acquisition of the in-kind stake (ownership of shares of the acquired companies) and the payment of the transaction price through issuing new shares to Brooge Energy Limited, valued at approximately AED 448,551,845.
On 19 December 2024, a letter was addressed to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority in Abu Dhabi, United Arab Emirates. The letter announced the resignation of Mr. Adel Al Hosani from his position as a Board Member of Gulf Navigation Holding PJSC, effective 18 December 2024. The Board plans to hold a meeting within 30 days to appoint a new Board member to fill the vacant position. The letter was signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.
The text provides instructions for completing and submitting a proxy form for shareholders of Gulf Navigation Holding Company (PJSC). Shareholders are required to fill out the form, appoint a representative to vote on their behalf at the Annual General Assembly meeting scheduled for January 2, 2025, at 3 PM, and send it along with the necessary documents to the specified email address: CapitalMarketsTeam@adcb.com. The form requires details such as the shareholder's number, contact information, date, and signature, as well as the name and contact details of the financial broker or entity that verified the proxy. The meeting will be held both in-person and virtually.
The text is a formal communication regarding a resolution to be passed by the Board of Directors of Gulf Navigation Holding PJSC. The resolution, which will address regular matters and any other business of the company, is scheduled to be issued by circulation no later than 10:00 a.m. on Monday, December 9, 2024. The letter is addressed to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority in Abu Dhabi. It 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, reported a 26% increase in revenues for the third quarter of 2024, reaching 26 million dirhams and returning to profitability with a net profit of 1.1 million dirhams. This performance was attributed to increased vessel chartering activity, strategic cost management, and improved operational efficiencies. Key financial highlights for Q3 2024 include revenue growth to AED 23.0 million, a shift to an operating profit of AED 2.85 million from a loss of AED 4.89 million in Q3 2023, reduced general and administrative expenses to AED 600 thousand, and slightly lower finance costs of AED 5.77 million. The company reported a strong cash position of AED 210.2 million and total assets of AED 995 million as of September 30, 2024. GULFNAV's growth was driven by strong performance in vessel chartering and higher operating efficiency, positioning it as a resilient entity in the maritime sector. Additionally, non-operating income of AED 1.56 million helped mitigate the impact of finance costs.
The text is a formal communication regarding the resignation of Mr. Saif Al Rashdi from his position as a Board Member of Gulf Navigation Holding PJSC. His resignation is effective from Friday, October 25, 2024. The Board will consider approving his resignation and appointing a new Board member at the next meeting scheduled for Monday, October 28, 2024. The letter is signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.
The text is a formal notification regarding a scheduled Board of Directors meeting for Gulf Navigation Holding PJSC. The meeting is set to take place on Monday, October 28, 2024, at 10:00 AM. The agenda includes regular company matters and any other business deemed necessary. The notification is addressed to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, both in the United Arab Emirates. The message concludes with a courteous closing from Nader Muqbel, the Investor Relations Director at Gulf Navigation Holding PJSC.
The document is a notification regarding an acquisition deal involving Brooge Energy Limited. It references a Board of Directors meeting held on September 25, 2024, where the board approved the acquisition of companies and assets owned by Brooge Energy Limited. The board has recommended the deal for approval by the General Assembly. The company has submitted all necessary documents to the Securities and Commodities Authority (SCA), which is currently reviewing them to protect shareholders' rights. Shareholders and the market will be updated on any developments once the authority's approval is obtained for convening the general assembly. Shareholders are advised to rely only on official sources for information and to contact the Investor Relations Department for accurate details about the deal or the company's activities. The notification is signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.

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News Update From Gulf Navigation Holding PJSC

Disclosure: Results of BOD meeting

1. Attached Document

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News Update From Gulf Navigation Holding PJSC

Disclosure: Preliminary financial results for the year of 2023

1. Attached Document

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News Update From Gulf Navigation Holding PJSC

Disclosure: Change the timing of BOD meeting

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News Update From Gulf Navigation Holding PJSC

Disclosure: BOD meeting

The letter dated 9th February 2024, is from Nader Muqbel, Investor Relations Director at Gulf Navigation Holding PJSC, 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. The letter informs them of a Board of Directors meeting scheduled for 14th February 2024. The agenda includes considering the approval of the resignation of Mrs. Muhra Al Ali from her position as a Board member and the appointment of a new Board member to fill the vacant position, and discussing regular matters and any other business of the Company.

1. Attached Document

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News Update From Gulf Navigation Holding PJSC

Disclosure: Notification from the Company

1. Attached Document

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News Update From Gulf Navigation Holding PJSC

Disclosure: Resignation of BOD member

1. Attached Document

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News Update From Gulf Navigation Holding PJSC

Disclosure: Press Release

Dubai-based maritime and shipping company, Gulf Navigation Holding (GULFNAV), has signed a Memorandum of Understanding (MoU) with Wings Logistics Hub, a Multi-Level Group company. The MoU aims to enhance maritime transport by utilizing drones in shipping agency services across UAE ports. Wings Logistics Hub, which specializes in smart mobility, logistics tech, and omnichannel solutions, will provide drone services for various shipping operations. The partnership intends to increase revenues by expanding agency services and improving service quality through technology.

1. Attached Document

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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.

1. Attached Document

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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

FinanceMan

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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