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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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During its meeting held yesterday, the Board of Directors of the Gulf Navigation Holding approved the trading of the rights issued last February to the company's existing shareholders, without public
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