Al Seer Marine, a subsidiary of the UAE’s International Holding Company (IHC), which operates in the field of investment management, announced its financial results for 2024.
Publish dateThursday 30 January 2025 - 22:43
According to Amac News: Citing Al Seer Marine, the company’s total revenue in 2024 was AED1.281 billion, representing a 4% increase over the previous year.
This growth was achieved through diversification in key sectors, including the launch of four new MR tankers in the commercial sector, increasing demand for yacht management services in the yachting sector, and the creation of new maintenance and technical support contracts in the innovation, defense and technology sectors.
In addition, Al Seer Marine recorded a 6.2% increase in its gross profit to AED153 million in 2024. This success was due to the effective implementation of optimization and efficiency measures.
The company's total assets reached approximately AED8.4 billion by the end of 2024. "Our focus in 2024 was firmly on strengthening our operational capabilities and strengthening our position as a maritime power," said Guy Neivens, CEO of Al Seer Marine.
This growth was achieved through diversification in key sectors, including the launch of four new MR tankers in the commercial sector, increasing demand for yacht management services in the yachting sector, and the creation of new maintenance and technical support contracts in the innovation, defense and technology sectors.
In addition, Al Seer Marine recorded a 6.2% increase in its gross profit to AED153 million in 2024. This success was due to the effective implementation of optimization and efficiency measures.
The company's total assets reached approximately AED8.4 billion by the end of 2024. "Our focus in 2024 was firmly on strengthening our operational capabilities and strengthening our position as a maritime power," said Guy Neivens, CEO of Al Seer Marine.
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Source : news agency wam
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