Shareholders and investors count on the new board and their extensive experience to help the company stage a comeback
In its recent meeting, the General Assembly of Gulf Navigation Holding, a maritime and shipping company listed in the Dubai Financial Market, has approved a new Board of Directors chaired by Sheikh Theyab Bin Tahnoon Bin Mohammad Al Nahyan.
The General Assembly also appointed Eng. Abdulla Atatreh as Vice Chairman and Mohamed Alhammadi, Dr. Abdulaziz Alongary, and Waleed Mohammad have been approved as new members of the board in addition to the current members Dr. Abdul Rahman Mahmoud Al Afifi and Ahmad Kilani.
“The maritime economy is a key pillar for preparing the economy of the UAE for its golden jubilee. There’s still strong demand for shipping services around the world and we are very optimistic about the promising opportunities the future holds for Gulf Navigation,” asserted Sheikh Theyab Bin Tahnoon Bin Mohammad Al Nahyan, Chairman, Gulf Navigation Holding Group.
The new board appointed Rudrik Flikweert as the Group’s Chief Financial Officer (CFO).
Gulf Navigation Holding Group currently owns a fleet of 8 ships including petrochemical tankers and livestock transport vessels in addition to 4 crew boats. Gulf Navigation is one of the main companies in the local Maritime sector whose annual turnover exceeds US$ 60bn and has more than 20,000 maritime companies.
Over 21,000 ships dock in the UAE ports each year, carrying around 17 million containers and hundreds of thousands of tons of petroleum derivatives, bulk cargo and raw materials.
