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Abu Dhabi-based Al Seer Marine, a subsidiary of International Holding Company, has secured 760 million dirhams ($207 million) financing facility from Abu Dhabi Commercial Bank PJSC (ADCB).
The eight-year facility is secured through first-priority mortgages on a selected group of operating vessels, underscoring the company’s asset-backed financing approach.
The newly secured funds will be deployed across multiple sectors, including naval shipbuilding and autonomous unmanned surface vehicle (USV).
(Writing by Brinda Darasha; editing by Daniel Luiz)
