The GULFNAV–Brooge acquisition is now completed
Etihad Energy Holding has officially been launched following the successful completion of the acquisition of Brooge Petroleum and Gas Investment Company (BPGIC) by GULFNAV (Gulf Navigation Holding), marking the transformation of GULFNAV into a newly rebranded and expanded entity under the name Etihad Energy Holding.
The announcement follows a special media event held on Thursday, 18 June 2026, at a Dubai hotel which brought together the Company’s executive management team, media representatives, and investor relations advisors.
It was also confirmed that, following the market close on 19 June 2026, the Company’s shares commenced trading on the Dubai Financial Market (DFM) under the new name Etihad Energy Holding and ticker symbol ETIHADENERGY, replacing the previous ticker symbol GULFNAV.
During the event, Engr. Saif Al Hazaimeh, the Acting Chief Executive Officer, Etihad Energy Holding, delivered a keynote address outlining the strategic rationale behind the acquisition, highlighting the creation of a stronger and more diversified platform designed to support long-term growth across energy, logistics, and maritime sectors.
Investment strategy
Engr. Al Hazaimeh also engaged in an interactive media Q&A session, addressing questions from stakeholders and members of the press regarding the company’s future outlook, investment strategy, expansion plans, and post-acquisition integration priorities.
The acquisition between GULFNAV and BPGIC has resulted in the creation of an integrated energy infrastructure and logistics platform. The newly formed entity is positioned to leverage its expanded operational base and diversified portfolio to pursue regional and international growth opportunities.
Etihad Energy Holding will continue to build on its maritime legacy while expanding across the broader energy and logistics value chain, leveraging its strategic location in Fujairah, United Arab Emirates, one of the world’s most important energy gateways, and drawing on synergies from the acquisition to support sustainable growth and deliver value to stakeholders, a press statement concluded.
