Stanford Marine Group (SMG) is a Dubai based company catering to the offshore oil & gas sector in the GCC, Africa and SEA region for over 20 years; the company primarily focuses on chartering, building and repairing Offshore Support Vessels.
SHUAA acquired a majority stake in SMG in a liquidation scenario from Abraaj’s legacy investment portfolio and co-investor.
SHUAA recently successfully restructured SMG’s balance sheet through a debt buyout deal and also restructured its investment into a fund structure.