ANC Holding LLC

What’s in the media?

• ANC Holdings acquires Schmidlin LLC

  Abu Dhabi: May 18, 2009
  ANC Holdings LLC has announced the strategic acquisition of Schmidlin LLC, fabricators of high quality custom designed Curtain Wall and Architectural Aluminum Products. Schmidlin is an offspring of the famous Schmidlin AG in Switzerland. The new acquisition will add to ANC Holdings’ subsidiary Thomas Bennett’s manufacturing strength and reach into other emirates, especially Abu Dhabi and Al Ain. Schmidlin has pioneered the development of the unitized curtain wall which eliminates much of the tedious site work necessary. Two of the recent high profile jobs undertaken by the company include the ADIA Headquarters Building in Abu Dhabi and the Festival City in Dubai. Tayeb Baker, Chairman, ANC Holdings said: “This is an important, and highly synergistic acquisition for our company, and we look forward to scaling our growth. ANC has been on the forefront of the construction business in the region for the past three decades. Our vision has always been to improvise our construction techniques and reach our customers further out in the region. With this acquisition, and our long established Thomas Bennett business, the combined teams will create exciting growth opportunities.” ANC Holdings has in the recent past forged several alliances and strategic partnerships with leading players in the food, education, trading, real estate and hospitality sectors.
  
  

   

• ANC Holdings Takes Majority Stake in Amusement Whitewater LLC

  Dubai: June 30, 2009
  ANC Holdings LLC has announced the strategic acquisition of a majority stake in Amusement Whitewater LLC (AWW), the regional leader in design, supply and execution of themed environments. AWW are the creators of The Lost Chambers, Atlantis, and the complete internal alpine theming of Ski Dubai. AWW, with its new partners ANC and Abu Dhabi based Flag Holdings, will form the world’s leading provider of fully integrated, turnkey solutions for themed environments such as tourist resorts, theme/water parks and animal habitats. AWW has been involved in various landmark retail destinations and tourist projects such as The Lost City in South Africa; The Lost Chambers and Aquaventure water park at The Atlantis, Wild Wadi, Madinat Jumeirah, Ski Dubai and the Ibn Battuta Shopping Mall in Dubai; Sharjah Aquarium and The Sharjah Wild Life Center in Sharjah. Tayeb Baker, Chairman, ANC Holdings said: “Over the years AWW has been critically involved in delivering Dubai’s promise of becoming the top global tourist destination in the region while ANC, through its construction related businesses, has played a significant role in shaping the Dubai’s iconic skyline. It is easy to see the synergies. We are immensely proud to have AWW join the ANC Group and to work together on even greater projects in Dubai, Abu Dhabi and beyond.” ANC Holdings has in the recent past forged several alliances and strategic partnerships with leading players in the food, education, trading, real estate and hospitality sectors.

   

• ANC Holdings Acquires Majority Stake in Dhofar Fisheries

  Muscat : June 9, 2009
  ANC Holdings LLC has announced the strategic acquisition of a 60% majority stake in Dhofar Fisheries Industries Company S.A.O.G. (DFIC), a regional leader in the processing and canning of tuna and sardines, based in Salalah, Oman. The new acquisition will see ANC Holdings, and its rapidly growing foods division Freshly Frozen Foods (FFF Dubai), take over management control of Dhofar Fisheries from the company’s other main shareholder Oman & Emirates Investment Holding Company S.A.O.G. (O&E), a joint venture between the Governments of the Sultanate of Oman and the United Arab Emirates together with other founder shareholders from both countries. O&E is listed in Oman and the UAE. Dhofar Fisheries is best known for its Blue Ocean brand of Tuna and Sardines, that enjoy high consumer recall in Oman and across the Middle East. Tayeb Baker, Chairman, ANC Holdings said: “One of ANC Holdings key strengths is our ability to identify potential partners with whom we can forge strong alliances and partnerships. The closing of this transaction is the next step in ANC Holdings’ strategic growth into the regional food processing and distribution business. Dhofar Fisheries is an ideal acquisition target for us due to its state-of-the-art facilities and great brands with which we can accelerate the already fast-paced development of our foods business.” This initiative falls within O&E’s strategic programme to improve, develop and ensure success of its long term investments in Oman and the UAE.

   

• Dubai Investments Real Estate Acquires Prime Dubai Properties From ANC Holdings LLC

  Source: eyeofdubai.com, Tuesday February 26, 2008
  Dubai Investments Real Estate LLC (DIRC), the real estate arm of Dubai Investments PJSC (DI), has acquired prime properties in Bur Dubai, the heart of old Dubai, through its subsidiary Al Mujama Real Estate LLC by way of a recent deal with ANC Holdings LLC.
  
  According to the agreement, which was signed by Khalid Kalban, Managing Director & CEO of Dubai Investments and Tayeb Baker, Chairman of ANC Holdings LLC, Al Mujama Real Estate has acquired 3 furnished apartment buildings with over 117 hotel apartments and a plot of land on which a Four Star Business Hotel is under construction.
  
  “As a rapidly growing real estate company, Dubai Investments Real Estate LLC has endeavored to continuously set and meet challenging new standards", said Khalid Kalban. “Dubai has emerged as one of the most popular tourist destinations in the world.
  
  This has resulted in an ever-increasing demand for hotel accommodation throughout the Emirate. Our acquisition of these new properties marks an important addition to DIRC’s portfolio and DIRC’s first venture into the hospitality sector. We are confident that this venture will be a great success.“
  
  Obaid Al Salami, General Manager of Dubai Investments Real Estate and Al Mujama Real Estate said: "The three existing apartment buildings, which have been operational as hotel apartments under the name ‘Al Faris Hotel Apartments’, are located in Bur Dubai and consist of studio, one-bedroom and two-bedroom apartments that are available for rent on an annual, monthly or daily basis. These buildings also have certain ground floor spaces allocated towards and available for retail rent".
  
  He added: “The Four Star Business Hotel which is under construction will be located on a plot opposite the prominent Burjuman Mall in Bur Dubai. Once completed, it will house 153 elite Business Suites. The construction of this building has been awarded to ANC Contracting Company LLC".
  
  Bur Dubai, considered the heart of old Dubai is home to major shopping malls, teeming textile markets, international banks, restaurants, office buildings, electronics & computer markets and is a stone’s throw away from the World Trade Center.
  
  From left to right: Tayeb Baker, Chairman of ANC Holdings LLC and Khalid Kalban, Managing Director & CEO of Dub

   

• Zabeel Capital partners with ANC to form Education Investment Company AED 300 million earmarked for initial education investments through Kings' Holdings.

  Source: arabianbusines.com, Wednesday 21 May, 2008
  Dubai-based Zabeel Capital has partnered with ANC Holdings LLC to form Kings' Holdings, a company focused on investment in education. The joint venture is the first of its kind between the two companies, and comes with values and objectives that are in line with the UAE's prestigious government strategy for 2015, which are designed to ensure sustainability, development and a high quality of life for all UAE nationals.
  
  The venture represents Zabeel Capital's first strategic financial investment in Education in the UAE, with an investment of AED 300 million. "Everyone at Zabeel Investments is a true believer in education," commented HE Mohammed Ali Al Hashimi, Executive Chairman of Zabeel Investments.
  
  "With the launch of Kings' Holdings in partnership with ANC we are fulfilling our promise to continue to invest in education in the UAE making our education facilities second to none, and we are committed to pursuing this strategy for the future of the UAE," he added.
  
  While Kings' Holdings already include Kings' Dubai within its portfolio, a benchmark primary learning institute, the partnership will enable the creation of Kings' College. Scheduled to open in September 2009, this 1.2 million sq ft all-through education facility will cater for children aged one to 18.
  
  The campus is located in Nad Al Sheba and will provide British curriculum education as its educational basis, with a dedicated teaching philosophy by qualified and experienced educators. The school will also encourage involvement in the arts and sports as a means for furthering the education experience.
  
  "This partnership comes at a time when both our companies have become well respected and valued members of the investment community," said Tayeb Baker, Chairman of ANC Holdings LLC. "The fact that Kings' Holdings is a company dedicated to education investments only solidifies both ANC Holdings and Zabeel Capitals commitment to the community," he added.
  
  Kings' College will house three schools on one inclusive campus with a wide range of outstanding discrete and shared facilities. The Early Years Centre will take children aged from one to five, implementing worldwide best practice in early childhood development, with innovative areas for discovery confined to a safe environment.
  
  The four form entry primary school will provide excellent and wide-ranging facilities to support teaching and learning in preparation for the next phase, while the six forms of the secondary school will prepare students for higher education.
  
  Jbran Rahal, Managing Director for Zabeel Capital, commented: "This joint investment in the education field will further raise the bar on quality education in the UAE. From an investment perspective, education is one of the most solid sectors to capitalise on, and with the UAE's rapid development and the influx of new residents, quality education institutions will be in great demand."
  
  The joint venture comes as part of the company's continued efforts to support education in the UAE with Zabeel Investments continuing to run its AED 30 million education and leadership program Bidaya in partnership with Nakheel.
  
  Kings' College Campus

   

• ArcelorMittal Enhances Its Distribution Activities in United Arab Emirates

  Source: steelguru.com, Monday June 30, 2008
  ArcelorMittal announced that it intends to acquire 60% of the entire issued share capital of DSTC FZCO, a newly incorporated company located in the Dubai free zone.
  
  DSTC LLC is a Dubai-based privately owned entity, founded in 1986, which currently employs 50 personnel. It sells principally to the construction market, which represents more than 50% of its activity. DSTC LLC's distributes approximately 120,000 tonnes of products per year. In 2007 its revenues were about EUR 70 million.
  
  The release said that “Together with DSTC FZCO, ArcelorMittal is widening its offering in the Middle Eastern area. DSTC FZCO will acquire the main business of a steel distributor in the United Arab Emirates, Dubai Steel Trading Company LLC.”
  
  This new acquisition is the first step towards the creation of a fully-fledged distribution network in the Gulf Cooperation Council area for the distribution of long and flat steel products including beams, plates, and hollow sections.
  
  Mr. Philippe Darmayan CEO of ArcelorMittal Steel Solutions & Services said, “This is an important partnership that will spearhead our distribution network in the Middle East Area.”
  
  

   

• Jumeirah Golf Estates announces building contractors

  Source: Khaleej Times, Sunday May 30, 2008
  Al Naboodah Laing O’ Rourke Co LLC and ANC Contracting (a member of the A.N.C. Group of Companies) announced as key building contractors for Jumeirah Golf Estates.
  
  Jumeirah Golf Estates, Dubai’s premier residential golf development and host venue for the Dubai World Championship from 2009, today officially announced the award of two key building contracts for Phase A of the property development.
  
  ANC Contracting is building 99 villas within the Flame Tree Ridge community and 66 villas in the Fireside community. ANC Contracting has already mobilized to site and undertaken preparatory works in advance for the villa construction, which is now underway and on schedule.
  
  Additionally, Al Naboodah Laing O’ Rourke Co LLC will construct the Whispering Pines cottages and casitas, together with the prestigious Norman Clubhouse and ancillary buildings.
  
  David Spencer, Chief Executive Officer - Golf for Leisurecorp, the owner of Jumeirah Golf Estates, said:
  “We are delighted to formally announce ANC Contracting and Al Naboodah Laing O’ Rourke Co LLC, as key contractors for properties at Jumeirah Golf Estates. Both firms are now part of the team delivering not only unique world-class courses but what will be on completion, the most desirable residential communities in Dubai.”
  
  Chris Preece, General Manager of A.N.C. Contracting, commented: “ANC is proud to be associated with this premier development and looks forward to partnering with Jumeirah Golf Estates in the successful delivery of this exceptional quality project. The use of a partnering form of contract is a credit to the client in having the foresight to recognize the advantages of such a contract in the current very buoyant market conditions.”
  
  Jumeirah Golf Estates