ASM secures Dhs760 million financing facility from ADCB

The eight-year facility is secured through first-priority mortgages over a selected group of operating vessels, reinforcing the firms' capital efficiency and asset-backed growth strategy

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Al Seer Marine (ASM), a subsidiary of IHC, has secured Dhs760 million ($207 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 organisations.

In early 2025, ADCB provided an Dhs210 million ($57 million) facility to ASBI Shipping, 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.