Abu Dhabi – Mubasher: Wahat Al Zaweya Holding has announced that it reduced its stake in Gulf Navigation Holding, according to a bourse statement released on Wednesday.

Wahat Al Zaweya decreased its stake in Gulf Navigation to 6.87% from 9.81%.

It is worth noting that Wahat Al Zaweya posted a 37% year-on-year profit increase in 2018, recording AED 276 million.