UAE’s Al Seer Marine pours $70mn in ADNOC Logistics & Services

By Arya M Nair, Official Reporter
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Al Seer Marine investment in ADNOC
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Al Seer Marine, the global player across multiple marine sectors and a subsidiary of the UAE-based International Holding Company (IHC), has secured a major cornerstone investment in ADNOC Logistics & Services PLC, the global energy maritime logistics leader with share value of $70 million.

The move comes as part of the company’s strategy to diversify its investment portfolio, as the company continues to be a key and strategic contributor to the UAE’s economy and diversification efforts.

Al Seer Marine is committed to driving continuous growth for its stakeholders through investments in market leaders that enable the company to deliver superior value to its shareholders.

Guy Neivens_Al Seer Marine investment in ADNOC
Mr. Guy Neivens
CEO-Al Seer Marine

“Al Seer Marine is building on its highly diversified investment portfolio, and with ADNOC has excellent and longstanding track record and network within the global energy maritime logistics sector, we are confident this cornerstone investment in ADNOC Logistics & Services PLC will reflect positively on our growth strategy.”

Al Seer Marine was the sixth IHC Group company to list on the ADX in 2021. The company has a portfolio of services including management and training, Construction of vessels, Tankers, High-tech boatbuilding, Unmanned systems development, and manufacturing. Early this year, Al Seer Marine unveiled “MEGA II” in Abu Dhabi, a 36-Meter- Long and the world largest 3D Printer.

Last year, Al Seer Marine ordered IMO tankers from South Korea’s K Shipbuilding, as part of its global expansion.

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