IHC has previously acquired stakes in SpaceX through a private equity fund
The three companies – AGEL, ATL and AEL – are part of the Adani Group’s green portfolio, and have core aspects of ESG woven into their operations
Paul Berger, the current Arena EMEA CEO, will transition to become the company’s global CEO
Founded in 2002, Al Seer Marine offers marine services in the region, with total assets of Dhs3.98bn as at the end of June 2021
The company has Dhs10bn in paid-up capital
They will be listed on the exchange’s Second Market in Q2 2021
IHC’s total assets increased to Dhs14bn as of December 31, 2020, from Dhs4bn a year earlier