Gulf Navigation Holding PJSC — AGM Information 2012

Mar 28, 2012

Invitation to attend the Fifth General Assembly Meeting

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ﺍﻟﺨﺎﻣﺴﺔ ﺩﻋﻮﺓ ﻟﺤﻀﻮﺭ ﺍﻟﺠﻤﻌﻴﺔ ﺍﻟﻌﻤﻮﻣﻴﺔ ﺍﻟﻌﺎﺩﻳﺔ

Dear Shareholder,

The Board of Directors of Gulf Navigation Holding PJSC would like to invite you to attend the Fifth General Assembly Meeting which will be held at Le Royal Meridien Beach Resort, located on Al Sufouh Road, near Jumeirah Beach Resident -Dubai, UAE on Sunday 22nd April 2012 at 5:00 pm to discuss the following agenda:

ﻋﺰﻳﺰﻱ ﺍﻟﻤﺴﺎﻫﻢ

،ﺗﺤﻴﺔ ﻃﻴﺒﺔ ﻭﺑﻌﺪ ﻉ ﺑﺪﻋﻮﺗﻜﻢ ﻟﺤﻀﻮﺭ .ﻡ.ﺍﻟﻘﺎﺑﻀﺔ ﺵ ﻳﺘﻘﺪﻡ ﻣﺠﻠﺲ ﺇﺩﺍﺭﺓ ﺷﺮﻛﺔ ﺍﻟﺨﻠﻴﺞ ﻟﻠﻤﻼﺣﺔ ، ﺍﻟﻮﺍﻗﻊ "ﺭﻭﻳﺎﻝ ﻣﺮﻳﺪﻳﺎﻥ" ﻣﻨﺘﺠﻊ ﻓﻲ ﺍﻟﺨﺎﻣﺴﺔﺇﺟﺘﻤﺎﻉ ﺍﻟﺠﻤﻌﻴﺔ ﺍﻟﻌﻤﻮﻣﻴﺔ ﺍﻟﻌﺎﺩﻳﺔ ﺍﻹﻣﺎﺭﺍﺕﺩﺑﻲﻋﻠﻰ ﻃﺮﻳﻖ ﺍﻟﺼﻔﻮﺡ، ﺇﻟﻰ ﺟﺎﻧﺐ ﺟﻤﻴﺮﺍ ﺑﻴﺘﺶ ﺭﺯﻳﺪﺍﻧﺲ، ﻡ ﻓﻲ ﺗﻤﺎﻡ ﺍﻟﺴﺎﻋﺔ ﺃﺑﺮﻳﻞ2012 ﺍﻟﻤﻮﺍﻓﻖ 22 ﺍﻷﺣﺪﻳﻮﻡ ﺍﻟﻌﺮﺑﻴﺔ ﺍﻟﻤﺘﺤﺪﺓ : ﺪﻭﻝ ﺍﻷﻋﻤﺎﻝ ﺍﻟﺘﺎﻟﻲﻟﻠﻨﻈﺮ ﻓﻲ ﺟًﺍ ﺍﻟﺨﺎﻣﺴﺔ ﻣﺴﺎء

Invitation to attend the Fifth General Assembly Meeting	Invitation to attend the Fifth General Assembly Meeting	ﺩﻋﻮﺓ ﻟﺤﻀﻮﺭ ﺍﻟﺠﻤﻌﻴﺔ ﺍﻟﻌﻤﻮﻣﻴﺔ ﺍﻟﻌﺎﺩﻳﺔ ﺍﻟﺨﺎﻣﺴﺔ	ﺩﻋﻮﺓ ﻟﺤﻀﻮﺭ ﺍﻟﺠﻤﻌﻴﺔ ﺍﻟﻌﻤﻮﻣﻴﺔ ﺍﻟﻌﺎﺩﻳﺔ ﺍﻟﺨﺎﻣﺴﺔ
Dear Shareholder, The Board of Directors of Gulf Navigation Holding PJSC would like to invite you to attend the Fifth General Assembly Meeting which will be held at Le Royal Meridien Beach Resort, located on Al Sufouh Road, near Jumeirah Beach Resident - Dubai, UAE on Sunday 22nd April 2012 at 5:00 pm to discuss the following agenda:		ﻋﺰﻳﺰﻱ ﺍﻟﻤﺴﺎﻫﻢ : ،ﺗﺤﻴﺔ ﻃﻴﺒﺔ ﻭﺑﻌﺪ ﻳﺘﻘﺪﻡ ﻣﺠﻠﺲ ﺇﺩﺍﺭﺓ ﺷﺮﻛﺔ ﺍﻟﺨﻠﻴﺞ ﻟﻠﻤﻼﺣﺔ ﺍﻟﻘﺎﺑﻀﺔ ﺵ .ﻡ. ﻉ ﺑﺪﻋﻮﺗﻜﻢ ﻟﺤﻀﻮﺭ ﺇﺟﺘﻤﺎﻉ ﺍﻟﺠﻤﻌﻴﺔ ﺍﻟﻌﻤﻮﻣﻴﺔ ﺍﻟﻌﺎﺩﻳﺔ ﺍﻟﺨﺎﻣﺴﺔ ﻓﻲ ﻣﻨﺘﺠﻊ " ﺭﻭﻳﺎﻝ ﻣﺮﻳﺪﻳﺎﻥ " ، ﺍﻟﻮﺍﻗﻊ ﻋﻠﻰ ﻃﺮﻳﻖ ﺍﻟﺼﻔﻮﺡ، ﺇﻟﻰ ﺟﺎﻧﺐ ﺟﻤﻴﺮﺍ ﺑﻴﺘﺶ ﺭﺯﻳﺪﺍﻧﺲ، ﺩﺑﻲ- ﺍﻹﻣﺎﺭﺍﺕ ﺍﻟﻌﺮﺑﻴﺔ ﺍﻟﻤﺘﺤﺪﺓ ﻳﻮﻡ ﺍﻷﺣﺪ ﺍﻟﻤﻮﺍﻓﻖ 22 ﺃﺑﺮﻳﻞ2012 ﻡ ﻓﻲ ﺗﻤﺎﻡ ﺍﻟﺴﺎﻋﺔ ﺍﻟﺨﺎﻣﺴﺔ ﻣﺴﺎء ًﺍ ﻟﻠﻨﻈﺮ ﻓﻲ ﺟ ﺪﻭﻝ ﺍﻷﻋﻤﺎﻝ ﺍﻟﺘﺎﻟﻲ :
	The Agenda		ﺟـ ﺪﻭﻝ ﺍﻷﻋﻤـﺎﻝ :
	1) Consider and approve the report of the Company’s Board of Directors on the activities of the Company and its financial statements for the year ended 31 December 2011.	1 (ﺍﻟﻤﻨﺎﻗﺸﺔ ﻭ ﺍﻟﻤﻮﺍﻓﻘﺔ ﻋﻠﻰ ﺗﻘﺮﻳﺮ ﻣﺠﻠ ﺲ ﺇﺩﺍﺭﺓ ﺍﻟﺸﺮﻛﺔ ﻋﻦ ﻧﺸﺎﻃﻬﺎ ﻭﻗﻮﺍﺋﻤﻬﺎ ﺍﻟﻤﺎﻟﻴﺔ ﻟﻠﺴﻨﺔ ﺍﻟﻤﺎﻟﻴﺔ ﺍﻟﻤﻨﺘﻬﻴﺔ ﻓﻲ31 ﺩﻳﺴﻤﺒﺮ2011 .
	2) Consider and approve the Auditors’ report for the financial year ended 31 December 2011.	2 ( ﺳﻤﺎﻉ ﺗﻘﺮﻳﺮ ﻣﺮﺍﺟﻌﻲ ﺍﻟﺤﺴﺎﺑﺎﺕ ﻋﻦ ﺍﻟﺴﻨﺔ ﺍﻟﻤﺎﻟﻴﺔ ﺍﻟﻤﻨﺘﻬﻴﺔ ﻓﻲ31 ﺩﻳﺴﻤﺒﺮ 2011 .
	3) Consider and approve the audited financial statements for the financial year ended 31 December 2011.	3 ( ﺍﻟﻤﻨﺎﻗﺸﺔ ﻭﺍﻟﻤﻮﺍﻓﻘﺔ ﻋﻠﻰ ﺍﻟﻘﻮﺍﺋﻢ ﺍﻟﻤﺎﻟﻴﺔ ﺍﻟﻤﺪﻗﻘﺔ ﻟﻠﺴﻨﺔ ﺍﻟﻤﺎﻟﻴﺔ ﺍﻟﻤﻨﺘﻬﻴﺔ ﻓﻲ31 ﺩﻳﺴﻤﺒﺮ2011 .
	4) Consider and approve the recommendations of Board of Directors for not distributing dividends for the year ended 31 December 2011.	4 (ﺍﻟﻤﻨﺎﻗﺸﺔ ﻭﺍﻟﻤﻮﺍﻓﻘﺔ ﻋﻠﻰ ﺗﻮﺻﻴﺔ ﻣﺠﻠﺲ ﺍﻹﺩﺍﺭﺓ ﺑﻌﺪﻡ ﺗﻮﺯﻳﻊ ﺃﺭﺑﺎﺡ ﻋﻦ ﺍﻟﺴﻨﺔ ﺍﻟﻤﺎﻟﻴﺔ ﺍﻟﻤﻨﺘﻬﻴﺔ ﻓﻲ 31 ﺩﻳﺴﻤﺒﺮ2011 .
	5) Discharge of Board of Directors for their action for the year ended 31 December 2011.	5 (ﺇﺑﺮﺍء ﺫﻣﺔ ﺃﻋﻀﺎء ﻣﺠﻠﺲ ﺍﻹﺩﺍﺭﺓ ﻋﻦ ﺃﻋﻤﺎﻟﻬﻢ ﺧﻼﻝ ﺍﻟﺴﻨﺔ ﺍﻟﻤﻨﺘﻬﻴﺔ ﻓﻲ31 ﺩﻳﺴﻤﺒﺮ2011 .
	6) Consider and approve the appointment of Mr.Mr. Jamal Nasser Lootahas Member for Board of Directors in place of Mr. Abdul Rahman Al Saleh who resigned from his position.	6 ( ﺍﻟﻤﻨﺎﻗﺸﺔ ﻭ ﺍ ﻟﻤﻮﺍﻓﻘﺔ ﻋﻠﻰ ﻦ ﻴﺗﻌﻴ ﺍﻟﺴﻴﺪ ﺟﻤﺎﻝ ﻧﺎﺻﺮ ﻟﻮﺗﺎﻩ ﻋﻀﻮ ﻣﺠﻠﺲ ﺇﺩﺍﺭﺓ ًﺑﺪﻻ ﻣﻦ ﺍﻟﺴﻴﺪ ﻋﺒﺪ ﺍﻟﺮﺣﻤﻦ ﺁﻝ ﺻﺎﻟﺢ ﺍﻟﺬﻱ ﺍﺳﺘﻘﺎﻝ ﻣﻦ ﻣﻨﺼﺒﻪ .
	7) Consider and approve the appointment of Capt. Faisal Al Qahtani, as the Board appointed him on 11th August 2011 in place of Mr. Mohamed Al Muallem who resigned from his position.	7 ( ﺍﻟﻤﻨﺎﻗﺸﺔ ﻭ ﺍﻟﻤﻮﺍﻓﻘﺔ ﻋﻠﻰ ﺗﻌﻴﻴﻦ ﺍﻟﻜﺎﺑﺘﻦ ﻓﻴﺼﻞ ﺍﻟﻘﺤﻄﺎﻧﻲ، ﺣﻴﺚ ﻋﻴﻨﻪ ﺍﻟﻤﺠﻠﺲ ﺑﺘﺎﺭﻳﺦ 11 ﺃﻏﺴﻄﺲ2011 ﺑﺪﻻً ﻣﻦ ﺍﻟﺴﻴﺪ ﻣﺤﻤﺪ ﺍﻟﻤﻌﻠﻢ ﺍﻟﺬﻱ ﺍﺳﺘﻘﺎﻝ ﻣﻦ ﻣﻨﺼﺒﻪ .
	8) Discharge the Company’s Auditors for their actions for the year ended 31 December 2011.	8 ( ﺇﺑﺮﺍء ﺫﻣﺔ ﻣﺪﻗﻘﻲ ﺣﺴﺎﺑﺎﺕ ﺍﻟﺸﺮﻛﺔ ﻋﻦ ﺃﻋﻤﺎﻟﻬﻢ ﺧﻼﻝ ﺍﻟﺴﻨﺔ ﺍﻟﻤﻨﺘﻬﻴﺔ ﻓﻲ31 ﺩﻳﺴﻤﺒﺮ2011 .
	9) Appoint or reappoint the Auditors of the Company for the financial year 2012, and fixing their fees.	9 (ﺗﻌﻴﻴﻦ ﺃﻭ ﺇﻋﺎﺩﺓ ﺗﻌﻴﻴ ﻦ ﻣﺪﻗﻘﻲ ﺣﺴﺎﺑﺎﺕ ﺍﻟﺸﺮﻛﺔ ﻟﻠﺴﻨﺔ ﺍﻟﻤﺎﻟﻴﺔ 2012 ، ﻭﺗﺤﺪﻳﺪ ﺃﺗﻌﺎﺑﻬﻢ .

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Notes :

Notes :

: ﻣﻼﺣﻈﺎﺕ

• Each shareholder who is registered in the company’s share book on 19/4/2012 may attend the meeting in person or through an authorized representative or may appoint a proxy to attend the meeting and vote on his behalf, provided that the proxy holder is not a Board Member and does not in such capacity represent more than 5% of the capital of the company.

• Each shareholder wish to appoint a proxy or will attend through an authorized representative, need to complete the proxy / authorization form attached with the invitation sent by mail, and fax the completed form to [+971 - 4 - 4270140] on or before 18/4/2012 and present it at the meeting, or mail it to P.O.Box [49651] Dubai, UAE.

• If the required quorum is not achieved for the first meeting, a second meeting will be held at the same venue on 29/4/2012 at 5 pm Dubai time.

ﺃﻥ ﻳﺸﺎﺭﻙ 2012/4/ﻣﺴﺠﻞ ﻓﻲ ﺳﺠﻞ ﺍﻟﺸﺮﻛﺔ ﺑﺘﺎﺭﻳﺦ 19 ﻳﺤﻖ ﻟﻜﻞ ﻣﺴﺎﻫﻢﻭ ﻭﻛﻴﻞ ﺷﺮﻳﻄﺔ ﺃﻥ ﻻ ﻳﻜﻮﻥ ﻓﻲ ﺍﻹﺟﺘﻤﺎﻉ ﺑﺸﺨﺼﻪ ﺃﻭ ﻋﺒﺮ ﻣﻨﺪﻭﺏ ﻗﺎﻧﻮﻧﻲ ﺃ ﻣﻦ %ﻻ ﻳﻤﺜﻞ ﺑﻬﺬﻩ ﺍﻟﺼﻔﺔ ﺃﻛﺜﺮ ﻣﻦ 5 ﺍﻟﻮﻛﻴﻞ ﻣﻦ ﺃﻋﻀﺎء ﻣﺠﻠﺲ ﺍﻹﺩﺍﺭﺓ ﻭﺃﻥ . ﺭﺃﺳﻤﺎﻝ ﺍﻟﺸﺮﻛﺔ

ﻋﻠﻰ ﺍﻟﻤﺴﺎﻫﻤﻴﻦ ﺍﻟﺬﻳﻦ ﻳﺮﻏﺒﻮﻥ ﻓﻲ ﺗﻮﻛﻴﻞ ﻣﻦ ﻳﻨﻮﺏ ﻋﻨﻬﻢ ﻟﺤﻀﻮﺭ ﺍﻹﺟﺘﻤﺎﻉﺑﺎﻟﺒﺮﻳﺪ ﻣﻊ ﺍﻟﺪﻋﻮﺓ ﺍﻟﻤﺮﺳﻠﺔ ﺍﻟﺘﻔﻮﻳﺾ ﺍﻟﻤﺮﻓﻘﺔ/ ﺳﺘﻤﺎﺭﺓ ﺍﻟﺘﻮﻛﻴﻞﺃﻥ ﻳﺴﺘﻜﻤﻠﻮﺍ ﺇ ﻗﺒﻞ ﺗﺎﺭﻳﺦ (+971-4-4270140 )ﻢ ـﺎ ﺑﺎﻟﻔﺎﻛﺲ ﻋﻠﻰ ﺍﻟﺮﻗــﻭﺇﺭﺳﺎﻟـﻬـ ﺏ .ﺇﺣﻀﺎﺭﻫﺎ ﺇﻟﻰ ﺍﻹﺟﺘﻤﺎﻉ ﺃﻭ ﺇﺭﺳﺎﻟﻬﺎ ﺑﺎﻟﺒﺮﻳﺪ ﺇﻟﻰ ﺹ ﻭ 2012/4/18 . [ﺩﺑﻲ، ﺍﻹﻣﺎﺭﺍﺕ ﺍﻟﻌﺮﺑﻴﺔ ﺍﻟﻤﺘﺤﺪﺓ]49651

، ﻓﺈﻥ ﺍﻟﻤﺴﺎﻫﻤﻴﻦ ﻉ ﺍﻷﻭﻝ- ﻓﻲ ﺣﺎﻝ ﻋﺪﻡ ﺇﻛﺘﻤﺎﻝ ﺍﻟﻨﺼﺎﺏ ﺍﻟﻘﺎﻧﻮﻧﻲ ﻓﻲ ﺍﻹﺟﺘﻤﺎ ﻓﻲ ﺗﻤﺎﻡ 2012/4/ 29 ﻔﺲ ﺍﻟﻤﻜﺎﻥ ﻳﻮﻡﻣﺪﻋﻮﻭﻥ ﻟﺤﻀﻮﺭ ﺍﻹﺟﺘﻤﺎﻉ ﺍﻟﺜﺎﻧﻲ ﺑﻨ ًﺍ . ﺍﻟﺴﺎﻋﺔ ﺍﻟﺨﺎﻣﺴﺔ ﻣﺴﺎء

A copy of Company’s Corporate Governance Report and Financial Statements for the fiscal year ended 31[[st]] December 2011 shall be available on Company’s website as well as at the venue of AGM meeting.

ﺳ ﻴﺘﻢ ﺗﻮﻓﻴﺮ ﻧﺴﺦ ﻋﻦ ﺗﻘﺮﻳﺮ ﺍﻟﺤﻮﻛﻤﺔ ﻟﻠﺸﺮﻛﺔ ﻭﺍﻟﺘﻘﺮﻳﺮ ﺍﻟﻤﺎﻟﻲ ﻋﻦ ﺍﻟﺴﻨﺔ ﺍﻟﻤﺎﻟﻴﺔ Financial Statements for the fiscal year ended 31[[st]] December ﻋﻠﻰ ﺍﻟﻤﻮﻗﻊ ﺍﻻﻟﻜﺘﺮﻭﻧﻲ ﻟﻠﺸﺮﻛﺔ ﻭﻣﻜﺎﻥ ﺍﻧﻌﻘﺎﺩ ﺩﻳﺴﻤﺒﺮ2011 ﺍﻟﻤﻨﺘﻬﻴﺔ ﻓﻲ31 2011 shall be available on Company’s website as well as at . ﺍﻟﻌﻤﻮﻣﻴﺔ ﺍﻟﺠﻤﻌﻴﺔ the venue of AGM meeting. For more information please call +971- 4 - 4270104. ﻟﺮﻗﻢ+971- 4 – 4270104 ﺍﻰ ﻟﻤﺰﻳﺪ ﻣﻦ ﺍﻟﻤﻌﻠﻮﻣﺎﺕ ﺍﻟﺮﺟﺎء ﺍﻹﺗﺼﺎﻝ ﻋﻠ Yours Faithfully, ،ﻭﺗﻔﻀﻠﻮﺍ ﺑﻘﺒﻮﻝ ﻓﺎﺋﻖ ﺍﻹﺣﺘﺮﺍﻡ EGR : Abdullah Al Shuraim ﺍﻟﻤﻬﻨﺪﺱ /ﻋﺒﺪ ﺍﷲ ﺍﻟﺸﺮﻳﻢ Chairman ﺓ ﺭﺩﺍﻹ ﺍﺲﻠﺠ ﻣﻴﺲﺋﺭ