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Gulf Navigation refinances loans for some vessels

Gulf Navigation refinances loans for some vessels
Gulf Navigation's board approved refinancing loans for some of the company's vessels
Gulf Navigation
GULFNAV
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Dubai – Mubasher: The board of directors of Gulf Navigation Holding, listed on the Dubai Financial Market (DFM), decided to refinance loans for some of its vessels during a meeting held on Wednesday, 10 July.

These vessels are Gulf Fantatir, Gulf Jalmuda, Gulf Huwaylat, and Gulf Deffi, the company added in a statement to the DFM.

Gulf Navigation previously reported a 19% year-on-year increase in its operating revenue for the first quarter of 2019, registering AED 45 million

In Q1-19, the company posted it had turned to losses, incurring AED 11 million, against a profit of AED 5 million in Q1-18.