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عربي

Gulf Navigation Holding

   (GULFNAV.DFM)
Also known as: GNH, Gulfnav
Last Trade
0.27AED
+ 6.69%
 
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Updated: Apr 20, 2011
 
 
 
Country

UAE

Ownership Type
Publicly Listed
Company Type
Joint Stock
 
 
 
 
Formerly Known As 
Gulf Navigation and Brokerage and Gulf Navigation Company until April 2006
Principal Activities
Provides oil shipping, water freight and warehousing services; supply and repair of arc welding machines and electrodes; supply of bunkers; ship repair, maintenance and management.
 
Date of Establishment Year
2001 (Started operations in 2003)
 
No of Employees
670 (As of Apr 06, 2011)
 
Important/Recent Developments
In 2003 the company moved its headquarter from Oman to Dubai and started operating.
 
Principals and Agencies
Glencore Katradis Lankhorst
 
Marichem Marigases Stolt Nielsen TMT
 
Sabic Shell  
 
No of Ships
16
 
Cargo Carried
1.9 Million Tons of Crude Oil 1.6 Million Tons of Dry Cargo 1 Million Tons of Petrochemicals
 
Representative Offices
Riyadh    
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Dubai FM  GULFNAV GULFNAV.DFM Ordinary AED
 
 
Contact Details
Address:
Saba Tower 1
32nd Floor, Suite 3201
Sheikh Zayed Road
Jumeirah Lake Towers
P.O. Box 49651
Dubai 
United Arab Emirates
 
Tel:
+971 4-427-0104
 
Fax:
+971 4-427-0102
 
Email:
investor.relations@gulfnav.com
 
Website:
www.gulfnav.com
 
Related Links:
www.gssm-dubai.com

 
 
 IPO Details
Listing Date:
07Feb07
Size of Offering:
$252.72M
Equity Offering:
55%
Lead
Managers:
SHUAA Capital
 
 
 Major Shareholders  Section Updated: 04Nov11
Name   Type  Country  Holding 
Global Fund Company  Corporate Bahrain 5.32% 
Public   - 94.68% 
 
 
 Foreign Ownership Limits
Section Updated: 15Apr09
Owned Permitted
44%
Nationals
 
50%
GCC Nationals
 
4%
Other Arabs
 
2%
Foreigners
 
100%
GCC Nationals
 
20%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Gulf Ahmadi Shipping Marshall Islands 100.00%
Gulf Chemical Carriers UAE 100.00%
Gulf Crude Carriers Company UAE 100.00%
Gulf Deffi Corporation Panama 100.00%
Gulf Fanatir Corporation Panama 100.00%
Gulf Huwaylat Corporation Panama 100.00%
Gulf Jalmuda Corporation Panama 100.00%
Gulf Jash Shipping Panama 100.00%
Gulf Mishref Shipping Marshall Islands 100.00%
Gulf Mizwar Shipping Marshall Islands 100.00%
Gulf Navigation Group UAE 100.00%
Gulf Navigation Ship Management UAE 100.00%
Gulf Navigation and Brokerage Oman 100.00%
Gulf Riyad Shipping Marshall Islands 100.00%
Gulf Safwa Shipping Marshall Islands 100.00%
Gulf Shagra Shipping Marshall Islands 100.00%
Gulf Sheba Shipping Hong Kong 100.00%
Gulf Ship UAE 100.00%
Gulf Sieb Shipping Panama 100.00%
Lam Gulf Maritime Company UAE 100.00%
Gulf Stolt Ship Management UAE 50.00%
Gulf Stolt Tankers UAE 50.00%
Companies Under Management
Name  Country  Holding 
Gulf Navigation Agencies UAE -
 
 
 Representatives
Auditors
PricewaterhouseCoopers UAE  
Banks
National Bank of Abu Dhabi HSBC Bank Middle East
Emirates Bank International  
Law Firms
Hoffman, Sabban and Watenmaker Hadef and Partners
 
 
 Financial Results  31-Dec-09  31-Dec-10   Yr on Yr 
  AED'000 AED'000 change (%)
Total revenues  338,163 312,976 (7.45)
Net profit  26,546 (236,772) (991.93)
Total assets 2,934,445 2,410,018 (17.87)
Paid-up capital 1,655,000 1,655,000 0.00
Shareholders' Equity 1,683,304 1,349,971 (19.80)
Shares outstanding 1,655,000 1,655,000 0.00
Market capitalization 976,450 695,100 (28.81)
» View Full Financials
 
 
 
 
 
 

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