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LONDON - Magellan Capital Holdings PLC, a global finance entity, has publicly reconfirmed its ownership structure to address recent inquiries. The company was established in connection with a $360 million bond issuance, which was part of the financing for acquiring a majority stake in Danish Ship Finance (DSF) on July 10, 2025.
The bonds, 8.375% Fixed Reset Senior Secured Notes due 2029, were issued under Regulation S of the U.S. Securities Act of 1933. The obligations under these bonds are fully guaranteed by Magellan Holding Limited, which holds all shares of Magellan Capital Holdings PLC.
Ownership of Magellan Holding Limited rests solely with Mr. Hassan Elali, a seasoned professional with over four decades of experience in the marine services industry. Elali is known for founding ZMI Holdings, recognized as the largest owner and operator of self-propelled, self-elevating jack-up barges globally. His sale of the business to ADNOC Logistics and Services in November 2022 significantly bolstered his liquidity.
Furthermore, Elali owns a separate group of companies operating under the "Magellan" name in the United Arab Emirates, including an entity in the process of becoming a regulated fund manager by Dubai’s DFSA.
The statement also emphasized that Magellan Capital Holdings, the Guarantor, and DSF are independent entities with distinct and rigorous audit processes. These measures aim to maintain transparency and reduce risk for bondholders, reinforcing the company’s commitment to its investors.
Danish Ship Finance, a specialized niche player in ship finance since 1961, is known for its strategic focus on financing sustainable shipping initiatives. It serves as a trusted partner for both Danish and international shipping companies, offering more than just financial support.
This confirmation of ownership comes directly from a press release issued by Magellan Capital Holdings PLC, ensuring that stakeholders are informed of the company’s transparent and stable ownership structure.
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