BRIEF: UAE's Gulf Navigation Completes Conversion Of Sukuk Into Shares

GULF NAVIGATION HOLDING GNAV.DU :

* COMPLETES CONVERSION OF 100 MILLION SUKK OF WAHAT AL ZAWEYA INVESTMENT AND REAL ESTATE DEVELOPMENT-SOLE PROPRIETORSHIP LLC INTO SHARES

* AUTHORISED CAPITAL OF COMPANY WILL INCREASE TO AED 1.02 BILLION FROM AED 919.2 MILLION AFTER CONVERSION OF SUKUK INTO SHARES

Source text for Eikon: ID:nDFM9KHl1f Further company coverage: GNAV.DU

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