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Gulfnav turns to a loss in 2024, while Orascom Construction a slight uptick in net income
GulfNav focused on fleet modernization efforts during the year
GulfNav’s shareholders approve AED 3.3 bn acquisition of Brooge Energy assets
The transaction will be settled through a mix of cash, new shares and mandatory convertible bonds
THIS MORNING: India’s Infibeam eyes ADX listing + Alpha Dhabi, Mubadala private credit venture deploys USD 1 bn in capital
PLUS: DIFC eyes 20% growth this year
GulfNav’s board greenlights terms for Brooge takeover
GulfNav has called for a general assembly for final approval
GulfNav posts 1H 2024 results
GulfNav’s net income was down 11.2% y-o-y to AED 24.7 mn in 1H 2024
GulfNav’s Brooge acquisition could take place this month
PLUS: ICV program has redirected over AED 48 bn to the economy in 1H 2024
GulfNav to complete Brooge acquisition in eight weeks
GulfNav will issue mandatory convertible bonds and new shares,
GulfNav appoints new vice chairman
GulfNav also appointed a new executive board member
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