Gulf Navigation Holding has announced expansion plans aimed at increasing its assets under management and service-based revenue. The company revealed the appointment of Khamis Juma Buamim as the new board member, managing director and group CEO by the board of directors during the event. Buamim will restructure the company and lead its expansion plans to achieve new levels of growth and development.

He was previously the executive chairman of Drydocks World and Maritime World from May 2010 until March 2015 and has successfully led the organisation through its restructuring during a global financial crisis.