Gmmos Group
DUBAI, UAE, January 18 - Grandweld, a United Arab Emirates-based shipbuilding, ship
repair and conversion specialist, has secured a major contract worth US$128
million for the construction of three new Salvage Tugs for Sogeport-GICEP of
Algeria.
DUBAI, UAE, December 30 - UAE based GMMOS Group, backed by Abraaj Capital and Waha
Capital, has acquired 100% of the share capital of Minnow Marine Projects
Limited (MMPL) through its newly formed Singapore based division Stanford
Asia.
DUBAI, UAE, December 20 - Private equity backed Gulf Marine Maintenance and Offshore
Service Company ("GMMOS"), a leading United Arab Emirates based provider of
marine services to the offshore oil & gas industry, announced today the
acquisition by Stanford Marine, its chartering division, of five offshore
support vessels (OSV) as part of Abraaj Capital and Waha Capital's expansion
strategy for the business.
DUBAI, UAE, December 14 - Abraaj Capital and Waha Capital backed Gulf Marine Maintenance
and Offshore Service Company ("GMMOS"), a leading United Arab Emirates based
provider of marine services to the offshore oil & gas industry, has secured a
US$100 million term loan facility from Standard Chartered Bank, Abu Dhabi
Commercial Bank, Credit Suisse and Deutsche Bank to refinance existing debt
and fund acquisitions in the offshore supply vessel (OSV) sector, with a
focus on the GCC and South East Asia markets.
