EIH Ethmar International Holding acquires stake in Nirvana Holding

EIH Ethmar International Holding acquires stake in Nirvana Holding

Abu Dhabi, UAE : EIH Ethmar International Holding PJSC and Nirvana Holding, two leading companies based in Abu Dhabi, have announced a strategic acquisition deal, through which EIH acquired a stake in Nirvana Holding. This acquisition aims to strengthen Abu Dhabi's position as a leading tourist destination and promote tourism investment and activities in the UAE capital by implementing and activating projects and operational plans that can contribute significantly to the tourism landscape, in line with the vision of the wise leadership to boost and develop the tourism sector in Abu Dhabi and Abu Dhabi Economic Vision 2030. EIH has a successful track record, characterized by remarkable growth, diversity and profitability. The company has cultivated a diversified, innovative, and sustainable investment portfolio, comprising over 30 successful companies across various sectors, including real estate, energy, technology, investment, healthcare, and hospitality. On the other hand, Nirvana holds a prominent position in the tourism and hospitality sectors in Abu Dhabi and the UAE, with a proven track record and a multitude of branches both domestically and internationally. Ali El Gebely, Managing Director and Group CEO of EIH, said: "We are delighted to announce the acquisition of a strategic stake in Nirvana, as it