
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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T&Cs apply. Prime members shopping on using Abu Dhabi Commercial Bank (ADCB), Mastercard, and Commercial Bank of Dubai (CBD) credit cards can enjoy additional instant discounts for eligible Prime Day orders. T&Cs apply. ae eGift Card: Purchase an eGift Card for AED 500 now through July 24 and get AED 35 promotional credit to spend during Prime Day. Purchase an eGift Card for AED 500 now through July 24 and get AED 35 promotional credit to spend during Prime Day. Buy Now, Pay Later: Prime members on can enjoy hassle-free affordable shopping during Prime Day with Tabby and Tamara, conveniently splitting payments into 4 interest-free installments. T&Cs apply. Prime members on can enjoy hassle-free affordable shopping during Prime Day with Tabby and Tamara, conveniently splitting payments into 4 interest-free installments. T&Cs apply. Installment plans: Prime members in the UAE can also opt in to 0% bank installment plans for eligible purchases, available from a wide range of banking partners upon checkout, allowing them to pay for their Prime Day orders on in more affordable and easier monthly installments. T&Cs apply. Prime Day Deliveries Prime members can enjoy all the usual membership benefits this Prime Day, including fast, free delivery on thousands of items, plus the added convenience of being able to choose how those items arrive—whether at home, work, or places you frequent with our network of Amazon lockers. Prime members in the UAE receive unlimited Same-Day and One-Day deliveries across all categories. Get Ready for Prime Day Prime members across the UAE can make their Prime Day shopping experience even easier by downloading the Amazon App to browse, shop, and ensure they never miss a deal or by shopping directly on the website Survey Methodology This survey was conducted online by HarrisX among 35,207 recent online shoppers from June 20 through July 1, 2025 across 25 countries. Respondents were recruited through opt-in, web-panel recruitment sampling. Recruitment occurs though a broad variety of professional, validated respondent panels to expand the sampling frame as wide as possible and minimize the impact of any given panel on recruiting methods. Results were weighted by gender, age, and region where necessary to align with actual demographic proportions amongst the population within each country. AMAZON Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth's Most Customer-Centric Company, Earth's Best Employer, and Earth's Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon.