The Dubai Financial Market witnessed on Tuesday the execution of two large direct deals on the shares of Gulf Navigation Holding and Al Ramz Corporation for Investment and Development, with a total value of AED 54.8 million.
According to market data, the deals included a large transaction on Gulf Navigation shares of about 17 million shares, representing 0.7% of the company’s shares, at a price of 2.12 dirhams per share, and a transaction on Al Ramz Corporation shares of about 11.7 million shares, representing 2.1% of the company’s shares, at a price of 1.6 dirhams per share.
Gulf Navigation Holding Company's profits declined by 93% by the end of 2025, compared to 2024.
The company’s profits reached AED 14.79 million by the end of 2025, compared to profits of AED 206.96 million by the end of 2024, according to the company’s preliminary financial data.
Al Ramz Corporation's profits jumped by 252% in the first nine months of 2025, on an annual basis.
The company’s profits reached AED 32.39 million by the end of the first nine months of 2025, compared to profits of AED 9.21 million during the same period of 2024, according to the company’s unaudited financial statements.
