IHC subsidiary, Alpha Dhabi Holding (ADX: Alphadhabi), announces that it has acquired an interest in Nammos Group as a result of its joint venture partnership with Monterock International, an international investment company with a focus on hospitality and food and beverage (F&B) sectors. Nammos – a globally celebrated lifestyle and F&B brand synonymous with luxury and quality – has seen strong success in its expansion to date. Its Dubai restaurant ranks as one of the top-performing restaurants in the world and it will be a cornerstone brand in the lifestyle portfolio. The partnership will see the development of the Nammos World projects, an ambitious and scalable plan to extend Nammos’ reach and footprint globally as well as develop and diversify its offering as it continues to build on its status as a premier and luxury hospitality and F&B brand.

International Holding Company (ADX: IHC), One of the largest listed corporate investment holding firms in the world, headquartered in Abu Dhabi, announced today the completion of its capital rise from AED 1.8 billion to AED 2.1 billion.

Al Seer Marine (ADX: ASM), the global player across multiple marine sectors and International Holding Company (IHC) subsidiary, has announced today a new four IMO II/III product tankers order valued at AED 643 million as part of Al Seer global expansion push this year.

K Shipbuilding, the leading Korean shipyard and one of the world's largest shipbuilders for MR Tankers, will construct the four new medium-range (MR) IMO II/III product tankers at Jinhae Shipyard, which expected to be delivered before the end of Q4 2024. This means that Al Seer Marine fleet now total 12 vessels as the company prepares to transport the transition fuels like methanol, which will help industry reach net zero.