Magellan Capital
Dubai-based investment manager regulated by the DFSA, with offices in Abu Dhabi and London. Its holding company bought a majority of Denmark's Danmarks Skibskredit in 2024.
Industry: Investment management | Location: Dubai, United Arab Emirates | Founded: 2023
About Magellan Capital
Magellan Capital is a diversified investment manager that says it invests in businesses across the capital spectrum, in private and public markets, through a permanent capital structure. Its website lists Magellan Capital Limited in the Dubai International Financial Centre, regulated by the Dubai Financial Services Authority, Magellan Investments Holding Limited in the Abu Dhabi Global Market and Magellan Capital Holdings PLC in London.
Magellan Capital Holdings PLC is registered in England and Wales and its shares are not listed. The business directory Infor Capital says the holding company was incorporated in July 2023 and began investment management in 2024. The holding company's 2025 accounts name Ahmed Omar and Omar Elali as its directors.
Its main disclosed business is ship finance. In June 2024 Magellan agreed to buy the shares in Danmarks Skibskredit, also called Danish Ship Finance, held by Axcel, PFA and PKA. Denmark's financial regulator approved the purchase on 10 June 2024, according to the law firm Plesner, and Magellan's website says the acquisition was completed in July 2024. The Danish Maritime Fund kept its 10 percent holding, and Axcel kept 5 percent for up to two years. Magellan issued USD 360 million of senior secured notes due 2029 in July 2024 to help fund the purchase.
In March 2025 the Dubai lender Beehive announced a structured funding arrangement for an initial AED 500 million for UAE small and medium-sized businesses, with Goldman Sachs Bank providing senior funding and Magellan Capital mezzanine participation. In August 2026 the Gulf Daily News reported that Channel Capital Advisors, a London private credit manager, had bought a minority interest in Magellan's position in a programme of AED 600 million, or USD 163.3 million.
For 2025 the group reported a pre-tax profit of 55.9 million pounds and a profit for the year of 36.1 million pounds, compared with 602.9 million pounds in 2024, when it recognised a 659.9 million pound gain on the acquisition of Danish Ship Finance. Net assets were 777.7 million pounds at 31 December 2025.
Leadership
- Ahmed Omar, Director, Magellan Capital Holdings PLC; Chief Investment Officer
- Omar Elali, Director, Magellan Capital Holdings PLC