Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment Company obtained an AED 760 million ($207 million) facility from Abu Dhabi Commercial Bank (ADCB) for eight years to support its diversified fleet growth and strategic investments.

The company secured the financing through first-priority mortgages over a selected group of operating vessels, anchoring its capital efficiency and asset-backed growth strategy, according to a press release.

ADCB served as the sole underwriter and mandated lead arranger for the transaction, which marked the second of its kind between the two organizations.

Guy Neivens, CEO of Al Seer Marine, commented: "We are 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."

Al Seer Marine earned the confidence of key financial institutions, securing support from local leaders, such as Abu Dhabi Islamic Bank (ADIB) and First Abu Dhabi Bank (FAB), while forging strategic ties with global players like BOCOM Leasing, China's maritime financier.

In June, ADCB provided an AED 210 million ($57 million) facility to ASBI Shipping FZCO, the joint venture (JV) between Al Seer Marine and B Shipping, to support the acquisition of small and midsize LPG tankers.