Dubai - Mubasher: The board of Gulf Navigation Holding, the only maritime and shipping company listed on the Dubai Financial Market (DFM), approved by circulation to issue Sukuk worth AED 125 million.
The announcement came during the board’s meeting held on 16 January, according to a bourse statement on Thursday.
It is worthy to note that during the first nine months of 2019, the company’s operating revenue increased by 19% year-on-year (YoY) at AED 130 million from AED 109 million. The company also incurred total losses worth AED 46 million.
