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Gulf Navigation Eyes Expansion

by Forbes Middle East Forbes Middle East - Business News
Dubai-based Gulf Navigation Holding says it intends to increase its capital by about $122 million through an IPO in the first quarter of 2018designed to support a development strategy.
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Dubai-based Gulf Navigation Holding says it intends to increase its capital by about $122 million through an IPO in the first quarter of 2018designed to support a development strategy that the maritime and shipping company embarked on two years ago.

Gulf Navigation, which is listed on the Dubai Financial Market, plans to sell new shares to investors in an effort to increase the issued and paid up share capital to $272 million, to be distributed over one billion shares at a value of $0.27 per share.

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Joined APSense since, December 7th, 2017, From Dubai, United Arab Emirates.

Created on Jan 4th 2018 05:24. Viewed 313 times.

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