Saturday 23 March 2019
Gulf Marine

Abu Dhabi firm plans Gulf Marine sale

Abu Dhabi-based private equity firm Gulf Capital plans to sell its remaining stake in Gulf Marine Services (GMS) within two years in the open market and expects to make a total profit of about 10 times its original investment, or around $600 mil


ADIB arranges $360m loan for Gulf Marine

Abu Dhabi Islamic Bank (ADIB) has closed a 1.32 billion dirhams ($360 million) syndicated Islamic facility for one of the largest operator's and owner of jack-up barges in the region, it said on Sunday. The deal will help meet


$500m Gulf Marine sale bid collapses

A potential $500 million sale of a 79-percent stake in Gulf Marine Services (GMS) by its Abu Dhabi-based private equity owner has collapsed due to financing issues and differences over valuation, three sources said. They said that talks be


GMMOS secures $100m loan for OSV acquistion

UAE-based Gulf Marine Maintenance and Offshore Service Company (GMMOS) said it has secured a $100 million term loan facility to refinance existing debt and fund acquisitions in the offshore supply vessel (OSV) sector. The loan facility is

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