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Brooge Energy Limited Ordinary Shares - $BROG STOCK NEWS

Welcome to our dedicated page for Brooge Energy Ordinary Shares news (Ticker: $BROG), a resource for investors and traders seeking the latest updates and insights on Brooge Energy Ordinary Shares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Brooge Energy Ordinary Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Brooge Energy Ordinary Shares's position in the market.

Rhea-AI Summary
Brooge Energy Ltd (NASDAQ: BROG) appoints Alexander Lawson and Guy Wall to its Board of Directors, effective December 14, 2023. Dr. Yousef Al Assaf resigns as Chairman and Director of the Board of Directors. Lawson and Wall are joint official liquidators of BPGIC Holdings Limited, the owner of approximately 85.6% of the Company’s share capital. They bring extensive finance and legal experience to the Board, aiming to drive continued growth and value for Brooge and its stakeholders.
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-1.18%
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Brooge Energy engages Freshfields as legal advisor for proposed acquisition by Gulf Navigation Holding
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4.06%
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Brooge Energy Ltd receives a proposal from Gulf Navigation Holdings PJSC to acquire all of its businesses and assets. The proposed acquisition is part of Gulf Navigation's strategy to enhance growth and provide integrated logistical services related to oil, petrochemicals, and gas. The transaction is still in the early stage and subject to further due diligence. If agreed, the deal is expected to close in Q4 2023. Brooge Energy's subsidiary, BPGIC, is a technologically advanced company in the crude oil storage services sector. The oil storage sector in the UAE is expected to witness further development. Gulf Navigation supports major oil and gas companies and specializes in transportation services.
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6.92%
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Brooge Energy Ltd announces financial results for the first six months ending June 30, 2023, with revenue growth of 122% and a net profit of USD 37.4 million. Gross profit increased by 191% and gross profit margin improved to 82%. The company also completed the Feasibility Study for its Green Ammonia Project, aiming to produce up to 700,000 MT of green ammonia per annum. Conference call scheduled for October 9, 2023.
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Rhea-AI Summary
Brooge Energy Ltd announced the resignation of Lina S. Saheb as interim CEO and member of the Board of Directors. The company has started searching for a permanent CEO. Saheb will stay on as a consultant for four months. In the meantime, an Office of the Chief Executive Officer has been established, led by Paul Ditchburn, the current CFO.
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Brooge Renewable Energy Ltd has successfully completed the Feasibility Study for its Green Ammonia Project in Abu Dhabi, UAE. The project aims to establish a world-class green ammonia production facility with a capacity of 1950 TPD. The company plans to solidify its lead in the green ammonia market and secure off-take ties in Europe and Asia. The project is expected to be commercially feasible with an attractive internal rate of return (IRR).
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Brooge Energy Limited Ordinary Shares

Nasdaq:BROG

BROG Rankings

BROG Stock Data

115.07M
9.19M
85.63%
7.13%
0.01%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
Link
United States of America
South Church Street

About BROG

brooge energy conducts all of its business and operations through its wholly-owned subsidiary brooge petroleum and gas investment company fze (“bpgic”), a fujairah free zone entity. bpgic is a midstream oil storage and service provider strategically located outside the strait of hormuz adjacent to the port of fujairah in the united arab emirates. bpgic’s oil storage business differentiates itself from competitors by providing its customers with fast order processing times, excellent customer service and high accuracy blending services with low oil losses.