SHUAA Secures $300 Million to Strengthen Marine Portfolio
- Business Companies Funding Regional
Global Business Magazine- 4 minutes read
SHUAA Capital, the leading asset management and investment banking platform in the region, on Thursday announced the execution of a new financing facility for its OSV operations under Stanford Marine Group and Allianz Marine and Logistics Services Holding Limited (Allianz) that are held via a SHUAA-managed fund.
The Fund, domiciled in Abu Dhabi GlobaI Market (ADGM) and referred to as the “SHUAA-managed fund,” is managed by SHUAA GMC Limited, a wholly owned FSRA-regulated subsidiary of SHUAA, the company said in a regulatory disclosure with Dubai Financial Market (DFM) this morning.
The business executed a seven-year finance facility of up to $300 million from NationaI Bank of Fujairah (NBF) and The Arab Energy Fund (TAEF), formerly known as APICORP, a leading multilateral impact financiaI institution focused on the MENA energy sector. The deaI is expected to be completed in the coming days subject to closing procedures.
Owed to the quality and outperformance of SHUAA’s OSV platform, the financing facility is one of the largest Secured Overnight Funding Rate (SOFR) based facilities for the OSV sector in the region. As a single facility across the Stanford and Allianz OSV operations, acquired by the SHUAA-managed fund in 2020 and 2022 respectively, it further integrates the two units and provides support for continued growth of the businesses.
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SHUAA Capital CEO Wafik Ben Mansour, while thanking their banking partners NBF and TAEF for their continued support to our OSV portfolio, said that Stanford and Allianz were leaders in their market, with a significant track record of profitable growth and value creation.
SHUAA Capital is looking forward to work with the management and all stakeholders to further develop Stanford and Allianz businesses and contribute to the long-term growth of the offshore oil & gas industry in the UAE and the region, he said.
NBF CEO Adnan Anwar said that the deal is testament to the strong relationship the bank has built with SHUAA, while also reflecting their confidence in the strength of both Stanford and Allianz and their ability to capitalise on growth opportunities.
TAEF Chief Banking Officer Nicolas Thevenot said that this financing marks a strategic milestone in their commitment to strengthening the energy value chain in the MENA region.
As the largest OSV platform in the region and a key enabler of offshore exploration and production, Stanford and Allianz has been playing a critical role in supporting the region’s energy security, he said.
“Partnering with SHUAA and NBF reinforces our confidence in the platform’s continued growth and underscores our focus on impact-driven financial solutions that create long-term value. By optimising capital structures for high-performing assets, we continue to drive financial resilience and operational excellence across the sector,” he added.
