Al Seer Marine Secures $207M Facility from ADCB
Deal News | Jul 09, 2025 | Zawya
Abu Dhabi-based Al Seer Marine, a subsidiary of International Holding Company, has secured a 760 million dirhams ($207 million) financing facility from Abu Dhabi Commercial Bank PJSC. This eight-year facility, secured through first-priority mortgages on a select group of operating vessels, highlights Al Seer Marine's asset-backed financing strategy. The funds will be used to propel growth across multiple sectors, including naval shipbuilding and the development of autonomous unmanned surface vehicles.
Sectors
- Marine and Shipping
- Financial Services
- Naval and Defense
Geography
- United Arab Emirates – The companies involved, Al Seer Marine and ADCB, are based in Abu Dhabi, making the UAE the primary geographic focus.
Industry
- Marine and Shipping – The article discusses a financing facility secured by Al Seer Marine, a company involved in operating vessels, indicating its relevance to the Marine and Shipping industry.
- Financial Services – Abu Dhabi Commercial Bank, a financial institution, is providing the facility, emphasizing the role of financial services in supporting maritime operations.
- Naval and Defense – The funding will be used in naval shipbuilding and autonomous surface vehicles, linking the news to the Naval and Defense sector.
Financials
- 760 million dirhams ($207 million) – The amount of the financing facility secured by Al Seer Marine from ADCB.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Al Seer Marine | Target | Company | A marine services company and subsidiary of International Holding Company, involved in naval shipbuilding and unmanned surface vehicles. |
| Abu Dhabi Commercial Bank (ADCB) | Lender | Company | A major bank in Abu Dhabi providing the $207 million financing facility to Al Seer Marine. |
| International Holding Company | Parent Company | Company | The parent company of Al Seer Marine. |