Gulf Nav gets nod to extend capital increase subscription period

22/02/2018 05:47 AST

Gulf Navigation said on Wednesday it has received a regulatory nod to extend the capital increase subscription period by additional five working days till March 1.

The allotment will be done on March 7 and the refund will happen on March 8, the company said in a statement posted on Dubai Financial Market's website. The company posted a 7 per cent increase in gross profit last year to Dh49 million from Dh45.8 million in the year before period.


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