Gulf Navigation Holding PJSC (GULFNAV)

Dubai – Mubasher: Gulf Navigation Holding (GNH) registered AED 23.80 million in net profit during the January-December 2023 period, compared to AED 4.66 million in 2022. Gross revenue shrank to AED 108.27 million in 2023 from AED 137.22 million a …

Dubai – Mubasher: Gulf Navigation Holding (GNH) has acquired 40% of the Turkish Polimar Holding Company's stake in Gulf Navigation Polimar Maritime. Through the transaction, the DFM-listed company increased to stake from 60% to 100%, according to …

Dubai – Mubasher: The net profits attributable to the owners of Gulf Navigation Holding (GNH) enlarged to AED 34.66 million in the first nine months (9M) of 2023 from AED 1.93 million in 9M-22. The DFM-listed firm witnessed an annual drop in …

Dubai – Mubasher: Gulf Navigation Holding (GNH) has increased its capital by 31.36% to AED 837.69 million from AED 637.69 million, according to a bourse filing. GNH raised its capital through the private issuance of 220 million mandatory …

Dubai – Mubasher: Gulf Navigation Holding (GNH) turned to net profits attributable to the owners amounting to AED 27.78 million in the first half (H1) of 2023, against net losses worth AED 2.53 million in H1-22. The revenues hit AED 64.87 million …

Dubai – Mubasher:  Gulf Navigation Holding (GNH) reduced its equity ownership in Global Equity Investment to 10.63% from 12.79%. GNH announced the cut transaction in a bourse disclosure on Wednesday. During the first three months (3M) of 2023, the …

Dubai – Mubasher: The net profits of Gulf Navigation Holding (GNH) reached AED 13.49 million in the first quarter (Q1) of 2023, an annual leap from AED 1.82 million. Basic and diluted earnings per share (EPS) attributable to the owners went up to …

Dubai – Mubasher: Gulf Navigation Holding (GNH) witnessed a drop in net profit to AED 5.75 million in 2022, compared to AED 59.52 million in 2021. Gross revenues enlarged to AED 137.22 million in 2022 from AED 121.98 million in the …

Dubai – Mubasher: Gulf Navigation Holding (GNH) posted net profits attributable to the equityholders worth AED 1.93 million in the first nine months (9M) of 2022, versus AED 66.33 million in 9M-21. Operating revenues amounted to AED 104.09 million …

Dubai – Mubasher: Gulf Navigation Holding (GNH) has successfully completed the full repayment of a $2.70 million loan for one of its vessels. The loan was financed by "Rasmala" with an interest rate of 12%. The full proceeds of this vessel will …

Dubai – Mubasher: Gulf Navigation Holding (GNH) has turned to net losses attributable to the owners worth AED 2.53 million in the first half (H1) of 2022, against net profits of AED 80.10 million in H1-21. The operating revenues jumped to AED …

Dubai – Mubasher: The net profits attributable to the owners of Gulf Navigation Holding (GNH) plunged to AED 1.65 million in the first quarter (Q1) of 2022 from AED 80.13 million in the corresponding period in 2021, according to the company's …

Dubai – Mubasher: The general assembly meeting of Gulf Navigation Holding (GNH) has approved the issuance of mandatory convertible bonds at a value of up to AED 150 million through a private placement. The move aims to restructure existing Sukuk …

Dubai – Mubasher: Gulf Navigation Holding (GNH) has completed the restructuring process of its largest loan valued at over AED 200 million with Australis Maritime Limited. The value of the debt has been rescheduled to decrease by 25% or AED 4 …

Dubai – Mubasher: The board of Gulf Navigation Holding (GNH) has recommended re-purchasing 10% of the company's shares, following obtaining the necessary approvals. The liquidity resulting from the insurance settlement related to the sinking of …

Dubai – Mubasher: The net losses attributable to the owners of Gulf Navigation Holding (GNH) declined to AED 278.929 million in 2020, compared to AED 324.932 million in 2019. The company's revenues reached AED 145.852 million in 2020, down from …

Dubai – Mubasher: Gulf Livestock 2 of Gulf Navigation Holding (GNH) has inked a five-year bareboat charter contract worth $5.5 million (AED 20 million) in net proceeds with Mira International Shipping, a leader in livestock transportation. With a …

Dubai – Mubasher: Gulf Navigation Holding (GNH) has inked a Memorandum of Understanding (MoU) with Empire Navigation (ENI), a Greek company, to acquire a group of petrochemical and dry bulk carriers. The acquisition will enable GNH to diversify …

Dubai – Mubasher: Gulf Navigation Holding (GNH) has logged accumulated losses of AED 507.82 million as of the third quarter (Q3) of 2020, representing 49.8% of the capital. The accumulated losses are attributed to lower revenues of all vessels, …

Dubai – Mubasher: One of the vessels of Gulf Navigation Holding (GNH) has sunk while it was en route from New Zealand to China, according to the company's disclosure to the Dubai Financial Market (DFM) on Sunday. The Japanese coast guard received …

Dubai – Mubasher: The board of Gulf Navigation Holding (GNH) has approved to appoint Sheikh Theyab bin Tahnoon bin Mohammad Al Nahyan as a new chairman of the company. The board also appointed Abdulla Subhi Atatreh as vice chairman, Rudrik …

Dubai – Mubasher: Gulf Navigation Holding (GNH) has logged accumulated losses that reached AED 463.121 million as of 31 March 2020, equivalent to 45% of the company's capital. The accumulated losses are caused by a decline in vessels' revenues and …

Dubai – Mubasher: Shuaa Capital is working on a number of deals, including acting as lead arranger on AED 125 million Sukuk for Gulf Navigation Holding (GNH) through a private placement. “SHUAA’s management team is committed to continuing to …

Dubai – Mubasher: The ordinary general meeting (OGM) of Gulf Navigation Holding (GNH) has approved issuing five-year Sukuk at a total value of AED 125 million. During the meeting, shareholders authorised the board to determine the Sukuk issuance …

Dubai – Mubasher: Gulf Navigation Holding (GNH) Group said its accumulated losses reached AED 445.195 million in 2019, representing 44% of the company's capital. The accumulated losses are caused by a decline in the group's chemical tankers fleet …