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.
Goldilocks said it will work with Gulf Navigation's board of directors to "drive an enhanced business performance." It will also support nomination of new board members
