The Board of Directors of Gulf Navigation Holding has approved the A3 phase for tanks 411 and 412, concerning the tank bottoms and the two upper layers of the tank body, as well as the upper corner, as part of an expansion program with a capacity of 1.1 million cubic meters. The Board also approved the resignation of Ali Taher Mabrouk Abduh from his position as the company's Financial Director and appointed Tamer Al-Akkad as his successor effective February 2, 2026, in addition to the resignation of Ahmed Al-Kilani. The Board also agreed to the company's new name, based on the previously disclosed approval following the Board meeting held on November 27, 2025, subject to obtaining approval from the relevant regulatory authorities.
