Browsing: Brooge Energy

Dubai-based shipping firm Gulf Navigation Holding (GulfNav) has secured AED 500 million (USD 136 million)…

Gulf Navigation Holding (Gulfnav), a Dubai-listed maritime and shipping firm, has signed a landmark agreement…

Gulf Navigation Holding PJSC (GULFNAV), a company listed on the Dubai Financial Market, has announced the finalisation of a strategic acquisition agreement with Brooge Energy Limited, valued at AED 3.2 billion. This transaction bolsters GULFNAV’s ambition to evolve into a comprehensive energy logistics entity by substantially enhancing its storage, terminal, and associated infrastructure capacities.

Gulf Navigation Holding’s shareholders have approved the AED 3.2B ($871M) acquisition of Brooge Energy Limited (BEL), despite initial concerns from minority investors over the potential dilution of their stakes.