UAE, December 27, 2015

Gulf Navigation Holding PJSC (DFM: GULFNAV), the Dubai-based shipping company, has confirmed the appointment of Parag Jain as the company's new Chief Executive Officer (CEO). The confirmation is a welcome move as Jain has been serving in the capacity of acting CEO since May of this year. With over 20 years of experience in the marine and maritime industry, Parag's dynamic leadership and proficiency in the business is expected to help steer the company's journey towards more growth and development.

The newly appointed CEO first joined Gulf Navigation Holding in January 2010, originally serving as the company's General Manager for the Agencies and Marine Products Division. Co-workers and industry professionals have described Jain as a dynamic and a visionary leader that believes in leading from the front with a hands-on approach towards achieving operational efficiency and effective management, which results in financial strength for the company.

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© Press Release 2015