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Al Seer Marine invests approximately $70 million in ADNOC Logistics

May 16, 2023

This step is part of the company’s strategy to diversify its investment portfolio.

Al Seer Marine is committed to driving the continued growth of its shareholders through investment in leading companies that enable the company to deliver high value to its shareholders, according to the Emirates News Agency.

Guy Nevins, CEO of Al Seer Marine, said: “Al Seer Marine is building a very diversified portfolio of investments, and ADNOC has a proven track record and an excellent long-standing network in the global industry. marine energy logistics.We are convinced that this substantial investment in ADNOC L&S will have a positive effect on our business growth strategy.

Al Seer Marine is the sixth company of the “IHC” group to be listed on the Abu Dhabi Stock Exchange in 2021.

The company offers a range of services including management and training, shipbuilding, tankers, high-tech boat building, autonomous systems development and manufacturing.

Earlier this year, Al Seer Marine unveiled the “MEGA II” in Abu Dhabi, which is a 36-meter-long 3D printer and the largest in the world.

Read the Latest World News Today on The Eastern Herald.

Arab Desk

Arab Desk

The Arab Desk leads The Eastern Herald's reporting on the Middle East and North Africa. The desk has covered the Gaza-Israel war since October 2023, the Iran-Israel war of 2025-2026, the fall of the Assad government in Syria, Hezbollah's political and military shifts in Lebanon, the war in Yemen, and the diplomatic realignment of the Gulf states under the Abraham Accords and the Saudi-Iranian rapprochement.

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