Gulf Navigation Holding PJSC, the Dubai Financial Market-listed maritime and logistics business, has actually completed the procurement of all possessions of Brooge Power Limited and its subsidiaries, marking a considerable turning point in the group’s tactical growth and makeover.
The acquisition strengthens Gulf Navigating’s position as a totally integrated supplier of maritime solutions and power framework options within among the world’s crucial oil storage and trading hubs. The bargain brings Brooge’s modern-day storage and mixing centers under Gulf Navigating’s ownership, allowing the company to supply expanded, end-to-end logistics and infrastructure solutions to the local power sector.
Gulf Navigating broadens energy infrastructure
As component of the purchase, Gulf Navigation enhanced its share capital from roughly AED 837 million to AED 1 65 billion. The business likewise issued obligatory exchangeable bonds to Brooge investors, with total share funding expected to get to around AED 3 5 billion upon conversion.
Ahmed Al Kilani, Ceo of Gulf Navigating Holding PJSC, stated: “The completion of this strategic acquisition marks a defining moment in Gulf Navigation’s makeover. By incorporating Brooge’s world-class storage space and mixing infrastructure, we are developing an advanced, diversified, and durable energy logistics system boosting our capability to sustain the UAE’s expanding prominence in worldwide power markets.”
Saif Al-Hazaymeh, Chief Executive Officer of Brooge Oil & & Gas Investment Firm (BPGIC), included: “This achievement shows our mixed toughness and readiness to increase operational assimilation and unlock the full potential of this critical transaction.
“During ADIPEC 2025, and together with the Ministry of Energy and Facilities, we revealed the signing of an arrangement with Honeywell to get the certificate for constructing the very first refinery devoted to producing premium gasoline in the Emirate of Fujairah.”
He claimed the refinery job will be developed in numerous stages, with the very first stage anticipated to supply a refining capability of around 15, 000 barrels each day. The center will utilize innovative handling and refining innovations to maximise efficiency and sustainability.
Looking ahead, Gulf Navigation plans to broaden its profile right into refining, renewable resource, and clean gas advancement while reinforcing its core delivery and logistics operations.
The business’s expanded possession base and more powerful annual report will certainly sustain new investments in next-generation power infrastructure lined up with the UAE’s Web No 2050 approach and the worldwide change towards sustainable energy systems.
