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Nine Yards Real Estate Development appoints ZÜBLIN as main contractor for Yas Bay’s Luxurious Project ‘Sea La Vie’

UAE, Abu Dhabi – September 17, 2024:  Nine Yards Real Estate Development, a subsidiary of EIH Ethmar International Holding, has announced the appointment of ZÜBLIN Construction as the main contractor for the highly anticipated Yas Bay ‘Sea La Vie’ project, on Yas Island, Abu Dhabi.

The Board of EIH Ethmar International Holding PJSC Appoints Ms. Low Ping to act as the Chief Executive Officer of the group.

Abu Dhabi, 16 January 2024: The board of EIH Ethmar International Holding PJSC has appointed Ms. Low Ping to act as the Chief Executive Officer of the group.

 

With more than 30 years of leadership experience, Ms. Low Ping has led and transformed several regional and global companies. Her commercial expertise spans a wide range of industries and sectors and is combined with a deep knowledge of finance, risk management, and business expansion.

Nine Yards Plus Holding subsidiary of EIH Ethmar International Holding acquires majority stake at Abu Dhabi Commercial Properties (“ADCP”)

Abu Dhabi, 14 December 2023: Abu Dhabi Commercial Bank (“ADCB”) has signed an agreement to divest 80% stake in its wholly-owned property management subsidiary Abu Dhabi Commercial Properties (“ADCP”) to Nine Yards Plus Holding (“Nine Yards Plus”), a real estate subsidiary of EIH Ethmar International Holding PJSC (“EIH”).

The transaction values Abu Dhabi Commercial Properties at AED591mn and the Bank will register a gain of approximately AED 490 million subject to closing conditions before the end of December 2023.

The sale of the majority stake, while unlocking significant value for shareholders, aligns with ADCB’s strategy to focus on the expansion of its core banking businesses and provides a strong strategic platform for further growth of ADCP.

ADCB will retain a 20% stake in ADCP post-transaction and will continue its partnership via a long-term relationship agreement.

EIH

ABOUT US

WHO WE ARE

Ethmar International Holding (EIH) is a rapidly growing investment holding company headquartered in Abu Dhabi, United Arab Emirates. At EIH, we aspire to deliver on our country’s economic objectives, ensure tangible, long-term, and sustainable returns to our investors and give back to the community. We believe in diversification across industries, through building synergies while looking for the best opportunities for success. 

EIH

THE FUTURE
BEGINS WITH US

EIH Commitment

We are determined to deliver sustainable and positive returns to our investors, generating meaningful value, and enhancing their financial positions through strategic partnerships to develop a diversified, innovative, and sustainable investment portfolio. Adding value to society, community and the country.