Press releases, Reports & Disclosures for ESG EMIRATES STALLIONS GROUP P.J.S.C

The document is a review report and interim condensed consolidated financial statements for ESG Emirates Stallions Group PJSC, covering the six-month period that ended on June 30, 2024.

Emirates Stallions Group (ESG) reported a significant operational profit of AED 119 million for the first half of 2024, marking a 128% increase year-over-year. Revenue also saw a substantial rise to AED 640 million, a 140% increase compared to the same period in 2023. The company's total assets grew to AED 3.38 billion, a 10% increase from December 2023, while total equity rose by 5% to AED 2.4 billion. The book value per share increased by 5% to AED 9.59. ESG's growth is attributed to strategic portfolio expansion and strong business fundamentals. The leadership highlighted their commitment to operational optimization and exploring new opportunities in future-focused sectors.

The General Assembly Meeting of ESG Emirates Stallions Group P.J.S.C was held electronically on Monday, May 6, 2024, at 3:00 PM. Shareholders representing 94.94% of the Group's share capital attended. Several key figures were present, including Mr. Ali Saeed Abdulla Sullayem Alfalasi (Deputy Chairman), Mr. Abdulla Rashed Alrashdi (Board Member), and executives such as the Group CEO, COO, CFO, Legal Advisor, and others. Some Board Members were absent due to prior engagements. The meeting, chaired by the Deputy Chairman, proceeded with the agenda items, and the presence of the required quorum was confirmed.

Employees from the Emirates Stallions Group (ESG) have participated in a mangrove restoration project on Umm Yifenah Island as part of the wider Abu Dhabi Mangrove Initiative. The project aims to enhance biodiversity and combat climate change, aligning with the UAE’s extended Year of Sustainability. The initiative is part of ESG's ongoing commitment to environmental conservation and sustainable development. The group's CEO, Kayed Khorma, highlighted the project's benefits for community and country, as well as its role as a team-building activity that increased understanding of environmental challenges.