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GulfNav raises $136.15mn through oversubscribed MCB offering
GulfNav raises $136.15mn through oversubscribed MCB offering

Arabian Business

timea day ago

  • Business
  • Arabian Business

GulfNav raises $136.15mn through oversubscribed MCB offering

Gulf Navigation Holding (GulfNav) has successfully raised AED 500 million (US$136.15 million) through an oversubscribed Mandatory Convertible Bond (MCB) offering. The money raised will form a key component of the company's AED 3.2 billion (US$870 million) acquisition of Brooge Energy Limited and supports the company's vision to expand into the regional energy infrastructure sector. Sheikh Theyab bin Tahnoon bin Mohammad Al Nahyan, Chairman of Gulf Navigation Holding, commented: 'This offering marks a significant step toward executing the acquisition. It reflects the strong confidence our shareholders have in the company's vision to grow in the energy infrastructure space. We will continue to focus on completing the next phases of the transaction and strengthening GulfNav's role as an integrated logistics solutions provider in the region.' GulfNav strengthens position with Brooge deal The Brooge acquisition was approved by GulfNav shareholders on 13 March this year, and the agreement was signed on 28 May. The bonds were offered at AED 1.10 each and will be converted into shares on or before 29 October 2025. Total subscriptions exceeded AED 520 million from eligible shareholders who subscribed through Emirates NBD, the lead receiving bank. The AED 500 million raised through the MCBs will fund the cash component of the acquisition, while the remaining consideration will be settled through the issuance of approximately 359 million new shares to Brooge at AED 1.25 per share (subject to a one-year lock-up), and an additional AED 2.3 billion in MCBs issued to Brooge, convertible at AED 1.25 per share, also with a one-year lock-up post-conversion. Founded in 2013, Brooge is one of the most technologically advanced companies in the crude oil storage services sector. It has strengthened its investments and presence in Fujairah and become an important hub in oil storage and exporting. The Brooge acquisition is expected to strengthen GulfNav's market position and boost its operational efficiency and competitive edge. It will also diversify the company's revenue streams and deepen relationships with key strategic partners in the energy sector.

It takes a village: Abu Dhabi Early Childhood Week to highlight childhood, community and connection
It takes a village: Abu Dhabi Early Childhood Week to highlight childhood, community and connection

Zawya

time18-06-2025

  • General
  • Zawya

It takes a village: Abu Dhabi Early Childhood Week to highlight childhood, community and connection

Abu Dhabi, UAE – Held under the patronage of His Highness Sheikh Theyab bin Mohamed bin Zayed, Deputy Chairman of the Presidential Court for Development and Fallen Heroes' Affairs and Chairman of the Abu Dhabi Early Childhood Authority (ECA), the Abu Dhabi Early Childhood Authority (ECA) and its partners will host the 2nd Abu Dhabi Early Childhood Week 2025, an Emirate-wide series of community activations, taking place from 17 - 23 November 2025. Under the theme Together We Can Make Abu Dhabi a Family-friendly Emirate, the week will serve as a platform for public and private sector partners to co-create and offer enriching experiences for families and young children. The Abu Dhabi Early Childhood Week 2025 embodies ECA's vision where every young child can flourish, to their full potential, in a safe and family-friendly environment. The week creates space for collaboration, shared action, and joyful connection, while aligning with the UAE's Year of Community by encouraging everyone to take part. The 2024 edition saw a remarkable response: over 25,000 families participated, more than 70 activations were hosted across the Emirate, and 1,000+ global attendees contributed to a vibrant exchange of ideas, innovation, and storytelling. Building on this momentum, the 2025 edition aims to deepen impact, broaden reach, and inspire even more engagement. While the 2024 edition included a global forum, a gathering of early childhood researchers and an Early Childhood Development Fair (biannual activities), the 2025 edition aims to create targeted impact on the grassroots level by engaging the community, through activations, across the Emirate. 'In the first 1,000 days, a child's brain forms over a million connections every second - these are the moments that shape a lifetime. We also know that investing in the early years is an investment in our nation's future. It helps lay the foundations for healthier, more resilient societies, stronger economies, and empowered future generations who will carry the UAE's legacy forward,' said Her Excellency Sana bint Mohamed Suhail, Minister of Family and Director General of the Abu Dhabi Early Childhood Authority. 'This November, Abu Dhabi Early Childhood Week invites every family, caregiver, community member and organization to be part of something truly special. Through playful experiences and interactive activations across the Emirate, we will be shining a light on the importance of the early years of a child. The Week will be an excellent opportunity for organizations to actively participate, co-create and contribute. Come out, take part, and contribute to our collective mission to make Abu Dhabi family-friendly,' Suhail added. Key themes during the Week will include: Spending quality time with children Nurturing cultural identity and heritage Using Technology and AI to support, not replace, real-life connection Creating more family-friendly spaces across the Emirate Reaching communities throughout Abu Dhabi, Al Ain, and Al Dhafra region, Abu Dhabi Early Childhood Week 2025 will transform public spaces into playgrounds of learning and wonder, turning everyday places into opportunities for parents and caregivers to connect with their children. The ECA invites organizations to co-create and offer enriching experiences throughout the week that are age-appropriate, child-centered, encouraging play, hands-on and interactive, culturally relevant, and encourage parent-child bonding. Organizations interested in contributing to this Week can register their interest by emailing ADECWeek@ The Week's partners as well as the schedule of community activations will be announced closer to the Week. About the Abu Dhabi Early Childhood Authority The Abu Dhabi Early Childhood Authority, established in 2019, promotes optimal child development and wellbeing, from the early stages of pregnancy to the age of eight. We influence policies, inform decision-making through research, incubate innovative ideas, all while enabling the Early Childhood Sector and navigating the impact it's making. We focus on Health and Nutrition, Child Protection, Family Support, Education and Early Care. Our vision is that every young child can flourish to their full potential in a safe and family-friendly environment. For More Information: Musaab Abdulla, Outreach and Partnerships Department

Sheikh Theyab bin Mohamed bin Zayed Al Nahyan attends official signing ceremony between Open Masters Games Abu Dhabi 2026 and ADNOC
Sheikh Theyab bin Mohamed bin Zayed Al Nahyan attends official signing ceremony between Open Masters Games Abu Dhabi 2026 and ADNOC

Al Bawaba

time04-06-2025

  • Business
  • Al Bawaba

Sheikh Theyab bin Mohamed bin Zayed Al Nahyan attends official signing ceremony between Open Masters Games Abu Dhabi 2026 and ADNOC

His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Developmental and Martyrs' Affairs and Chairman of the Supreme Organising Committee for the Open Masters Games Abu Dhabi 2026, witnessed the signing of a sponsorship agreement between The Open Masters Games Abu Dhabi 2026 and ADNOC. Under the agreement, ADNOC will become the official Presenting Sponsor of the first-ever edition of the Open Masters Games to be held in the Middle agreement was signed in the presence of His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, and His Excellency Mohammed Al Junaibi, Vice Chairman of the Open Masters Abu Dhabi 2026 Organising Committee. The signatories were His Excellency Aref Hamad Al Awani, General Secretary of the Abu Dhabi Sports Council and Saif Al Falahi, ADNOC, Director of Group Business Support and Special Tasks. Senior officials from both parties and prominent local athletes were also in the event featured the official unveiling of the Abu Dhabi 2026 Games logo, which is inspired by the UAE's diverse natural landscape, and the Games' ethos of healthy living and community values. Furthermore, the ceremony underscored the leadership's long-term commitment to fostering social cohesion and pursuing active lifestyles, while positioning the UAE as a global hub for longevity and sport.H.E. Aref Hamad Al Awani, said: 'We are delighted to welcome ADNOC as the Presenting Sponsor of the Open Masters Games Abu Dhabi 2026. This is a collaboration that reflects our shared commitment to empowering communities, promoting healthy lifestyles, and showcasing the UAE on the global sporting stage. With ADNOC's support, we will deliver a world-class event that celebrates inclusion, heritage, and excellence, while inspiring people of all ages and backgrounds to embrace the joy of went on to add the this partnership demonstrates the UAE's national vision across health, inclusion, and sustainable community development, in addition to reflecting the country's world-class infrastructure and deep cultural legacy, while reinforcing its reputation as a premier host of major global Al Falahi, added: 'ADNOC is proud to support the Open Masters Games Abu Dhabi 2026 as Presenting Sponsor, reinforcing our commitment to promoting healthier, more active lifestyles and stronger communities. In the UAE's Year of Community, this important event will harness the power of sports to unite communities, enhance wellbeing and inspire national pride. We look forward to welcoming competitors and their friends and families from around the world to what promises to be an unforgettable event in the UAE.'The Open Masters Games will take place in the UAE in February 2026 and are expected to welcome more than 25,000 participants from around the world. The Games will feature 33 sports across multiple disciplines and age categories, including the senior Emirati population, providing an inclusive and memorable experience for all. In a unique celebration of the UAE's heritage, the Games will also feature traditional Emirati sports, including dhow sailing, falconry, and camel racing, in addition to 18 disciplines that will be open to all people of determination. The Open Masters Games Abu Dhabi 2026 aims to go beyond sport, serving as a platform to enhance physical and mental well-being, encourage participation, and strengthen intergenerational bonds. The Games are expected to positively impact several key sectors such as sport, tourism, and the economy, leaving a long-term and sustainable legacy that extends far beyond the sports arena.

Theyab bin Mohamed joins government employees for Ramadan Iftar
Theyab bin Mohamed joins government employees for Ramadan Iftar

Sharjah 24

time07-03-2025

  • Politics
  • Sharjah 24

Theyab bin Mohamed joins government employees for Ramadan Iftar

Exchange of greetings and prayers His Highness Sheikh Theyab exchanged greetings with the leaders and employees of government entities and their families on the occasion of Ramadan. He prayed for prosperity and blessings to be brought to the UAE and its people during this holy month. Praise for Barzat Abu Dhabi Sheikh Theyab praised the pivotal role of Barzat Abu Dhabi as a social platform fostering teamwork, a sense of belonging, and shared responsibility. He emphasized its significance as a gathering space for government employees in Ramadan, strengthening social and professional bonds, and promoting dialogue and harmony within the community.

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