Gulf Navigation Holding has a new major shareholder at the table.
UAE-based Goldilocks Investment Company said it has reached a deal with Khamis Buamim-led Gulf Navigation to acquire a 18.32% stake in the Dubai-based owner of six tankers and four crew boats.
This includes 4.68% held through a share finance facility.
Goldilocks, founded in 2015, is an activist investor managed by ADCM Altus Investment Management Limited, a subsidiary of Abu Dhabi Financial Group.
