Ethmar International Holding acquires stake in Nirvana Holding

Ethmar International Holding acquires stake in Nirvana Holding

Officials during the signing ceremony.



Ethmar International Holding (EIH) has signed a strategic acquisition deal in order to acquire a stake in Nirvana Holding.

Abu Dhabi-based Nirvana holds a prominent position in the tourism and hospitality sectors in the emirate and the UAE, with a proven track record and a multitude of branches both domestically and internationally.

This acquisition intends 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.

Ali El GebelyMD & Group CEOEIH

“We are delighted to announce the acquisition of a strategic stake in Nirvana, as it represents a fundamental step in enhancing Abu Dhabi’s tourism sector and endorsing EIH’s future plans.  Our strategic partnership with Nirvana will result in numerous projects within the tourism sector, further contributing to the growth of the national economy, and creating job opportunities for Emirati youth, thus supporting Emiratization in the UAE. We affirm our commitment to play an essential role in providing a leading investment environment across multiple sectors, benefiting from Nirvana’s extensive and valuable experience within the tourism sector. Through this partnership, we aspire to