Al Seer Marine secures $207m in funding to spearhead tanker expansion

Abu Dhabi’s Al Seer Marine has bolstered its capital structure, securing a $207m financing facility from Abu Dhabi Commercial Bank (ADCB) to support diversified fleet growth and strategic investments. The ADX-listed subsidiary of the International Holding Company (IHC) said the eight-year loan is backed by first-priority mortgages on a selected group of operating vessels. The …

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