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Gulf Navigation’s CEO resigns
Kilani will remain a member of the firm’s board of directors
GulfNav closes AED 613 mn sukuk to refinance Brooge’s debt
Part of the proceeds will go toward expanding storage capacity at the Port of Fujairah
GulfNav finally seals AED 3.2 bn acquisition of Brooge’s assets
The acquisition puts GulfNav on course for a projected paid-up capital of about AED 3.5 bn
THIS MORNING: GulfNav wraps bond sale to fund Brooge M&A play + SCA issues “goodwill” framework for public firms
Plus: Dubai’s Vara eyes gold and DeFi pilots
THIS MORNING: Americana eyes Five Guys, Cinnabon operator + More details about Ras Al Khaimah airport’s new terminal
Plus: GulfNav readies convertible bond issuance to fund Brooge acquisition
GulfNav will soon be the new owner of Nasdaq-listed Brooge Energy
The transaction is expected to tick off regulatory approvals before the end of 3Q.
Taqa, Space42, ADX newcomer Alpha Data, and others report 1Q earnings
Taqa saw net income decline on the back of price volatility and lower oil and gas production
Masdar now owns 100% of Terna Energy + Al Ansari wraps BFC acquisition
PLUS: M&A news from Al-Ansari + Gulf Nav
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