Al Seer Marine Secures AED 760 million from ADCB to Accelerate Portfolio Expansion - Middle East Business News and Information
ADCB, acting as sole underwriter and Mandated Lead Arranger, extended the facility on highly competitive terms—marking the second major transaction between the two organisations. In early 2025, ADCB provided an AED 210 million ($57 million) facility to ASBI Shipping FZCO, the joint venture between Al Seer Marine and B Shipping, to support the acquisition of small and midsize LPG tankers.
'We're proactively optimising our capital structure to unlock high-value, high-growth opportunities and reinforce our role as a powerhouse in delivering the UAE's maritime vision. With this funding arrangement, we're well-placed to serve the country's momentum to accelerate investment across LNG, LPG, crude oil, and petrochemicals. ADCB's continued partnership reflects deep institutional trust in our long-term strategy,' said Guy Neivens, Chief Executive Officer of Al Seer Marine.
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