Gulf Navigation Holding (Gulf Nav) is eyeing fleet expansion during the next few years as it is presses ahead with an Islamic bond sale.
Khamis Juma Buamim, chief executive of Gulf Nav, said in Dubai that the company expects to double its fleet size to 20 ships by 2020.
The Dubai-based shipowner has hired an Abu Dhabi bank to manage a $250m sukuk bond that is expected to go on sale in September.
