Gulge Navigation Holding (Gulfnav) successfully raises AED 500 million (US $ 136.15 million) by a Mandatory Talogical Offer
Money raised will be a key component of AED company 3.2 billion (US $ 870 million) Earning Brooge Energy LIMITED and supported the vision of the company expanded in the regional infrastructure sector in the region region.
Sheikh Theyab Bin Tahnoon Bin Mohammad Al Nahyan, Chairman of Gulf Navigation Holding, Commented: “This offering marks a significant step toward executing the acquisition. It reflects the strong confidence our shareholders in the company’s energy in the energy in the energy in the energy infrastructure space. We will continue to Focus on completing the next phases of the transaction and strengthening Gulfnav’s role as an integrated logistics solutions provide the region. “
Gulfnav strengthened the position of Brooge’s Agreement
Brooge’s claim was approved by Gulfnov Shareholders On March 13 this yearand the agreement was signed by 28 May.
The AED 1.10 bonds are offered each and convert to parts on or before 29 October 2025. The total subscriptions have been consecuted by Emirates NBD, the leading bank.
AED 500 million estimated By MCBS the cash component’s fund, while the remaining consideration is efficient by issuing about 359 million shares in AED 19 Person AED shops-upon, a year of AED
Built in 2013, Broseo is one of the largest advancal companies in the storage storage storage company. It strengthens its investments and presence in Fujairah and can be an essential hub of oil storage and export.
Brooge’s claim is expected to reinforce the Gulfnov market position and enhance operation and competition efficiency. It will also set the streams of the company’s income and deepen relationships with the main strategies of the energy sector.
