Gulf Navigation nods to issue AED 100m sukuk

Gulf Navigation nods to issue AED 100m sukuk
Gulf Navigation nods to issue AED 100m sukuk
Gulf Navigation
GULFNAV
2.63% 0.78 0.02

Dubai – Mubasher: Gulf Navigation Holding’s board of directors has approved issuing senior unsecured mandatory convertible sukuk.

The sukuk’s value will be AED 100 million, according to a statement to the Dubai Financial Market (DFM).

The company last reported a 5% growth in its gross profits, reaching AED 10.15 million in the first three months of 2018.