Gulf Nav gets nod to extend capital increase subscription period

22/02/2018 05:47 AST

Gulf Navigation said on Wednesday it has received a regulatory nod to extend the capital increase subscription period by additional five working days till March 1.

The allotment will be done on March 7 and the refund will happen on March 8, the company said in a statement posted on Dubai Financial Market’s website. The company posted a 7 per cent increase in gross profit last year to Dh49 million from Dh45.8 million in the year before period.


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Gulf Navigation increases its capital through trading rights issue

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During its meeting held yesterday, the Board of Directors of the Gulf Navigation Holding approved the trading of the rights issued last February to the company’s existing shareholders, without public

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“Gulf Navigation Holding PJSC” announced its financial results for 2017 achieving 7% increase compared to 2016 with a gross profit of AED 49 million. This achievement comes as a result of the company

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Al Ramz appointed as co-bookrunner for Gulf Nav rights issue

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Gulf Navigation Holding said on Wednesday it has appointed Al Ramz Corporation as a Co-Bookrunner to manage their Rights Issue in order to increase its capital to Dh1 billion.

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