Gulfsands Petroleum, the oil and gas company focused on material growth in the Middle East and broader MENA region, announce that the Fractional Share Auction arising from the recent Share Capital Reorganisation, hosted by Asset Match, has successfully closed. 

All Fractional Entitlement Shares have been successfully placed with bidders which included both existing and new Gulfsands shareholders, including directors, management, employees, strategic advisors and new Gulf region investors. 

Proceeds received from the Fractional Share Auction will now be collected by the Company and passed onto the Company’s registrar, MUFG, who will distribute the funds proportionately between those Shareholders whose Fractional Entitlements were included in the Auction. GulfSands expect that payments will be made to those Shareholders on or around 12th February 2026.  

Upon completion of these payments, the Share Capital Reorganisation will be complete.

KeyFacts Energy: Gulfsands Petroleum Syria country profile