ADNOC Logistics & Services PLC, the leader in global energy maritime logistics with a share value of AED 257 million (US$70 million), has obtained a significant cornerstone investment from Al Seer Marine, a global participant across numerous marine sectors and a subsidiary of the International Holding Company (IHC).
The action is a part of the company's aim to diversify its investment holdings, as it continues to play a significant and important role in the UAE's attempts to diversify its economy. By making investments in market leaders that help the business provide superior value to its stockholders, Al Seer Marine is dedicated to fostering ongoing growth for all of its stakeholders.
“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. “said Guy Neivens, CEO of Al Seer Marine.
The sixth IHC Group firm to list on the ADX in 2021 was Al Seer Marine. The company offers a range of services, including management and training, manufacturing, tanker construction, vessel construction, high-tech boatbuilding, and unmanned systems development. Al Seer Marine inaugurated "MEGA II" in Abu Dhabi at the beginning of this year. It is the largest 3D printer in the world and is 36 metres in length.