Al Seer Marine (ASM), a subsidiary of International Holding Company (IHC), has secured a $207 million (AED 760 million) financing facility from Abu Dhabi Commercial Bank (ADCB).
The eight-year facility is secured through first-priority mortgages over a selected group of operating vessels, reinforcing the company’s capital efficiency and asset-backed growth strategy.
ADCB, acting as sole underwriter and Mandated Lead Arranger, extended the facility on highly competitive terms, marking the second major transaction between the two organizations.
In early 2025, ADCB provided a $57 million (AED 210 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.
Guy Neivens CEO – Al Seer Marine
“We’re proactively optimizing 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.”
Al Seer Marine has steadily earned the confidence of top-tier financial institutions, securing support from local leaders. The company has leveraged this financial backing to develop a resilient, future-ready fleet while advancing strategic investments across multiple sectors, including naval shipbuilding, autonomous Unmanned Surface Vehicle (USV), the world’s largest 3D printer, and more.
