emirates7 - Al Seer Marine (ASM), a subsidiary of International Holding Company (IHC), has obtained a financing facility worth AED 760 million (US$207 million) from Abu Dhabi Commercial Bank (ADCB).
The eight-year facility is backed by first-priority mortgages on a selected group of operating vessels, aligning with ASM’s strategy to enhance capital efficiency through asset-backed financing.
ADCB served as the sole underwriter and Mandated Lead Arranger for the deal, offering the facility on highly competitive terms. This marks the second major collaboration between the two entities.
Earlier in 2025, ADCB had extended a separate AED 210 million (US$57 million) facility to ASBI Shipping FZCO — a joint venture between Al Seer Marine and B Shipping — to support the acquisition of small and mid-sized LPG tankers.
Guy Neivens, CEO of Al Seer Marine, commented: “We are actively refining our capital structure to tap into high-growth opportunities and solidify our position as a leader in advancing the UAE’s maritime ambitions. This funding further strengthens our ability to invest across LNG, LPG, crude oil, and petrochemical sectors. ADCB’s ongoing support reflects strong institutional confidence in our long-term vision.”
Al Seer Marine continues to build trust with prominent financial institutions, securing substantial local support. The company has utilized this financial momentum to grow a robust, future-focused fleet and make strategic investments in areas such as naval shipbuilding, autonomous Unmanned Surface Vehicles (USVs), and large-scale innovations like the world’s largest 3D printer.
The eight-year facility is backed by first-priority mortgages on a selected group of operating vessels, aligning with ASM’s strategy to enhance capital efficiency through asset-backed financing.
ADCB served as the sole underwriter and Mandated Lead Arranger for the deal, offering the facility on highly competitive terms. This marks the second major collaboration between the two entities.
Earlier in 2025, ADCB had extended a separate AED 210 million (US$57 million) facility to ASBI Shipping FZCO — a joint venture between Al Seer Marine and B Shipping — to support the acquisition of small and mid-sized LPG tankers.
Guy Neivens, CEO of Al Seer Marine, commented: “We are actively refining our capital structure to tap into high-growth opportunities and solidify our position as a leader in advancing the UAE’s maritime ambitions. This funding further strengthens our ability to invest across LNG, LPG, crude oil, and petrochemical sectors. ADCB’s ongoing support reflects strong institutional confidence in our long-term vision.”
Al Seer Marine continues to build trust with prominent financial institutions, securing substantial local support. The company has utilized this financial momentum to grow a robust, future-focused fleet and make strategic investments in areas such as naval shipbuilding, autonomous Unmanned Surface Vehicles (USVs), and large-scale innovations like the world’s largest 3D printer.