Cross collaboration to leverage mutual synergies and boost performance of the company
Tabarak Investment (Tabarak), an Abu Dhabi-based private equity firm, welcomed Goldilocks Investment Company Limited as shareholder of Gulf Navigation Holding PJSC (UAE’s sole public listed shipping company).
Tabarak, a major shareholder of Gulf Navigation, looks forward to a strong collaboration with Goldilocks. Tabarak and Goldilocks will aim to enhance and strengthen the core operational competencies of the company, while complementing the traditional expertise in the key sectors of shipping and logistics.
Tabarak and Goldilocks are set for a comprehensive engagement, to leverage their mutual synergies and explore compelling investment opportunities in UAE’s shipping and logistics sector. The comprehensive engagement of both Tabarak and Goldilocks, is expected to accelerate growth-oriented initiatives.
Ahmad Kilani, CEO of Tabarak Investment, stated, “We welcome the investment by Goldilocks in Gulf Navigation. We will work together to make a positive impact on the UAE economy. Our combined expertise and experience will empower us to steer our focus and resources on achieving sustainable and significant growth in industries and companies that constitute our portfolio such as shipping and logistics and make a significant contribution to the realisation of the ambitious Abu Dhabi Economic Vision 2030.”
Mustafa Kheriba, Goldilocks’ director, added, “Our investment in Gulf Navigation and mutual engagement with Tabarak Investment marks the trigger of a dynamic phase in our regional strategy. Through our collaboration with Tabarak, we will aim at unlocking value for all stakeholders by working constructively with the management and board in an attempt to accelerate this growth orientated initiative.”
This press release is for information purposes only. Certain information set forth in it may contain “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. The parties undertake no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements and should make his own independent assessment with respect to any financial information included in this press release.
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