"Civen Holding" Advertising annexation "McLaren" with "Forsifen" Under the umbrella of a new group

Abu Dhabi, April 3 / WAM / The Sifen Holding Group “Sifen”, which specializes in the development of investment assets in the advanced transportation sector, based in Abu Dhabi, announced the inclusion of its business portfolio in Britain under the umbrella of one group, after the acquisition of the entire ownership of car manufacturing work in “McLaren”, in addition to a non -controlling stake in the “McLaren” racing work.

The “McLaren Holding Group” launched by “Sifen” will include “McLaren Automotiv” and the British “Forsifen” company emerging in the luxury car sector, and the new group will include the “Sifen” stake in “McLaren Racing”, in addition to the newly formed “McLaren Licensing” works.

“McLaren Automotive” will benefit from the strategic investment that “Seifen” has made in “NIO”, which makes access to innovative and advanced technologies in the field of electric vehicles more smooth, in addition to taking advantage of the research and development work carried out by the “Forsifen company over the past three years, including the strategic acquisition of” Sifen “on” Gordon Murray Technologies ” (Gordon Murray Technologies) in 2023, which contributed to enhancing its engineering capabilities and expertise in weight loss techniques.

Nick Collins, the current CEO of “Forsifen”, will take over as CEO of the New Group.

In a clear confirmation of the group’s commitment to growing at an accelerated pace, the “McLaren Automotive” portfolio will be expanded in vehicles to include new categories, and more details will be revealed about this expansion later this year.

This strategy aims to develop a leading British company with a clear and ambitious strategy, with a transformation plan to enable “McLaren Automotive” to achieve sustainable growth.

“Cevin” has a clear vision and strategy, under the leadership of the Chairman of the Board of Directors, His Excellency Jassim Mohamed Bou hero Al -Zaabi, to redefine the concepts of high performance and luxury, setting new standards for excellence, and enhancing the position of “McLaren” as a distinguished British company on the global scene.

His Excellency Jassim Mohamed Bou hero Al -Zaabi, Chairman of the Board of Directors of “Sifen” and Chairman of the Board of Directors of the “McLaren Holding Group” said: “It is not limited to investment, but rather related to the formation of the future of” McLaren “as a trademark, supporting its growth and achieving its full capabilities, and enhancing its position on the map of the global auto industry, and we are determined to provide leading innovations that achieve tangible progress in the sector’s march.”

He added, this step represents a new era for the ancient history of ‘McLaren’ as a leading brand in the automotive world, and through our effective strategic investment through the “Seven” Holding Group, and our portfolio of qualitative business and investments, “McLaren” will have exceptional capabilities in engineering, design and advanced technologies, and a leadership that possesses extensive experiences in the advanced movement, which opens to the brand. Humor prospects to enhance its world leading position in the field of innovation.

Al -Zaabi continued: “We are also committed to supporting the long -term success of” McCla “for races, as our investment reflects our conviction with the huge potentials that racing business possesses, and we look forward to supporting the team in achieving more success, winning more awards in various competitions, and achieving the ambition of fans all over the world.”

For his part, Nick Collins, the new CEO of “McLaren Holding Group”, said: “Thanks to the great support and clear visions of our shareholders, today we have a unique opportunity to advance the” McLaren “brand and enhance its position as a leading global company, and the achievements made by” McLaren “and what” Forsifen “developed in a short period that completes each other in an exceptional way, and together, we are confident. From the ability of “McLaren” to achieve more achievements, and reach new horizons.

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