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Newmarket Holidays chief becomes an investor
The board of Newmarket Holidays secured new investment business after successfully concluding a refinancing round via a combination of additional shareholder funds and bank support.
The investment comes from the company’s CEO, Niel Alobaidi, who joined in September 2019 from Emirates Holidays – Newmarket Holidays’ first new shareholder since 1984.
The escorted tours and cruise specialist said the move will provide Newmarket Holidays with the financial capacity to manage the business recovery from the Covid crisis.
The company’s shareholders outlined that they believe that this will provide confidence and security to all the stakeholders in the business.
Founder-owner Simon Hibbs said: “We are delighted to be joined by Niel as a new shareholder. He has demonstrated true leadership since joining the business in September 2019 and has been successfully managing the company through the Covid pandemic.”
“In return, he has shown his confidence in the potential of Newmarket Holidays, which comes at a time of recovery and growth.”
Alobaidi said: “I am grateful to the three founder-owners of Newmarket Holidays for their trust in me over the last two and a half years. There is a strong connection with all the members of the board.”
Learn more about : Newmarket Holidays ( United Kingdom )
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