Gulf Marine Services (GB:GMS) has released an update.
Gulf Marine Services PLC announced an immediate board change with Deputy Chairman Hassan Heikal stepping down, having contributed significantly to the company’s financial restructuring and growth in EBITDA since his appointment by the largest shareholder, Seafox International Limited. Seafox plans to distribute 150 million of its GMS shares to its shareholders in September 2024 while maintaining a 9.69% stake in the company. The fleet operator, servicing the oil, gas, and renewable energy sectors, continues to focus on expanding its shareholder base and sustaining its operational development.
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