Eshraq Investments Expands Globally with Bold Maritime Acquisition

Editorial Team

Last updated 7-10-2025

3 min

Eshraq Investments aims to expand beyond the UAE with the acquisition of Shine SPV 1 Limited.

Shine owns subsidiaries in offshore support vessels, shipbuilding, and crane operations.

This move boosts Eshraq's industrial asset portfolio, pending regulatory approvals.

The acquisition aligns with Eshraq's strategy to diversify beyond real estate into industrial sectors.

Despite market caution, Eshraq's bold investment could strengthen its regional maritime influence.

Eshraq Investments is ramping up its ambitions beyond the UAE after signing a conditional agreement to acquire Shine SPV 1 Limited from TIL Partners SPV. Shine isn’t just a name on paper – it owns subsidiaries involved in offshore support vessels, shipbuilding, ship repair and crane operations. That’s quite the spread, and it signals Eshraq’s growing appetite for the maritime and industrial sectors.

From what’s been shared publicly, the deal could give Eshraq a stronger foothold both regionally and globally, while adding some real heft to its portfolio of industrial and service-based assets. The companies have kept the finer points under wraps for now, especially as the transaction still hinges on regulatory approvals and sign‑offs from third parties. Deals of this scale always carry a few hoops to jump through – a bit of a faff, if you ask me.

I reckon this move fits neatly into Eshraq’s broader push to diversify. Only recently, in September, the firm inked AED 264 million worth of agreements to sell land plots on Abu Dhabi’s Al Reem Island to Blue Lake Properties and Al Ain Properties. That was all about unlocking value from real estate holdings; this latest step, on the other hand, shifts attention to the industrial side of the economy. Spot on strategy, really, considering how the UAE’s maritime sector is positioning itself as a regional powerhouse.

What caught my eye is the timing. Many investors have been tightening their belts lately, but Eshraq seems to be doubling down instead – a bold call that could pay off nicely if market conditions tilt the right way. And believe it or not, maritime support services have been quietly booming behind the headlines of oil and gas.

At Arageek, we’ve often talked about how startups and investors in the MENA region can learn from moves like this – scaling through smarter acquisitions rather than just piling on new ventures. It’s a reminder that growth doesn’t always mean building from scratch; sometimes it’s about steering an existing ship (pun fully intended) in a new direction.

Now, whether this acquisition sails smoothly or hits a few waves will depend on those pending approvals. But the intent is clear: Eshraq wants to broaden its reach, create more shareholder value, and secure a stronger spot on the global map. It’s definately a story worth keeping an eye on.

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