{
Gulf Navigation Holding PJSC

Companies

}
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gulf navigation secures 871 million acquisition of brooge energy assets

Gulf Navigation Holding PJSC has secured shareholder approval for an $871 million acquisition of Brooge Energy Limited's assets, enhancing its position in the midstream oil and gas sector. The deal includes cash, new shares, and Mandatory Convertible Bonds, aiming to drive operational efficiencies and support sustainability goals. Completion is anticipated in the second quarter of 2025, pending regulatory approvals.
Lucidity Insights
United Arab Emirates Dirham Gulf Navigation Holding PJSC Brooge Energy Limited ARE Ahmad Kilani Show more
Business & Industry, Press Release
02:12 17.03.2025

Gulf Navigation secures approval for Brooge Energy asset acquisition

Gulf Navigation, a Dubai shipping firm, has received shareholder approval to acquire the assets and companies of Brooge Energy Ltd. The deal is valued at Dh3.2 billion, marking a significant step in Gulf Navigation's ongoing turnaround efforts.
Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema
Brooge Energy Ltd Gulf Navigation Holding PJSC ARE
Business & Industry, Market Report
06:07 14.03.2025

gulf markets react to fed interest rate changes amid mixed performance

Gulf markets are experiencing mixed reactions to the US Federal Reserve's potential slowdown in interest rate cuts, impacting stocks tied to the US dollar. Dubai's index fell 0.6%, with significant losses in utilities and industrials, while Abu Dhabi also dropped 0.6%, despite optimism from Lulu Retail's IPO. Conversely, Qatar rose 0.4% and Saudi Arabia nudged up 0.2%, supported by positive developments in the energy sector.
Finimize
United States Dollar Saudi Aramco Base Oil Company - Luberef Alpha Dhabi Holding PJSC Banan Real Estate Company Gulf Navigation Holding PJSC SINOPEC CORP Qatar National Bank (Q.P.S.C.) Barwa Real Estate Company Q.P.S.C. Lulu Retail Holdings plc International Holding Company PJSC SAU ARE QAT Show more
TradFi, Market Report
15:05 18.11.2024
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