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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"Gulf Navigation Holding PJSC" announced its financial results for 2017 achieving 7% increase compared to 2016 with a gross profit of AED 49 million. This achievement comes as a result of the company

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