Dubai, UAE; August 18, 2015: Integrated Capital PJSC ("Integrated Capital") today announces that it has acquired more than 28.61 million shares in the Dubai-based shipping company, Gulf Navigation Holding PJSC ("Gulf Navigation"), bringing Integrated Capital's shareholdings in Gulf Navigation to 5.19%.
As a substantial shareholder in Gulf Navigation, Integrated Capital will be approaching stakeholders in Gulf Navigation to seek dialogue on its turnaround activities.
About Integrated Capital PJSC
Integrated Capital is a UAE Central Bank licensed investment company based in Abu Dhabi, UAE. It is part of Abu Dhabi Financial Group (www.adfg.ae).
For further information, please contact:
Tom Drummond / Liam Turner
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600
Fax: 971-4-4358040
Email: tom.drummond@bm.com / liam.turner@bm.com
© Press Release 2015
