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|12 December, 2018

BRIEF: Dubai's Gulf Navigation Updates on Acquisition Of Stake By Goldilocks Fund

GULF NAVIGATION HOLDING GNAV.DU :

* CONFIRMS ACQUISITION OF 13.64 PERCENT OF COMPANY'S CAPITAL BY GOLDILOCKS INVESTMENT CO LTD (GOLDILOCKS FUND)

* SAYS GOLDILOCKS FUND ALSO HAS THE FULL RIGHTS AS THE PRINCIPAL SHAREHOLDER OF 4.68 PERCENT OF THE COMPANY'S SHARE CAPITAL REGISTERED UNDER THE NAME OF MASHREQ SECURITIES

* SAYS GOLDILOCKS FUND IS THE PRINCIPAL BENEFICIARY OF A TOTAL OF 18.32 PERCENT OF THE COMPANY'S CAPITAL AS ON 10 DECEMBER 2018

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* SAYS SHAREHOLDING OF TABARAK INVESTMENT GROUP AS ON 10 DECEMBER 2018 EQUALS 1.22 PERCENT OF THE COMPANY'S SHARE CAPITAL

* SAYS TABARAK INVESTMENT GROUP HAS THE FULL RIGHTS AS THE PRINCIPAL SHAREHOLDER OF 18.2 PERCENT OF THE COMPANY'S SHARE CAPITAL REGISTERED UNDER THE NAME OF AJMAN BANK

Source:(https://bit.ly/2QJlR1a) Further company coverage: GNAV.DU

((Reuters.Briefs@thomsonreuters.com;))

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