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

Emirates Stallions Group (ESG) has fully acquired Sawaeed Holding, a leading provider of manpower and labor accommodation solutions in the region. ESG increased its shareholding by 83.89% to complete the 100% acquisition. This move is part of ESG's growth and diversification strategy, and it strengthens its position as a leader in the manpower services sector. Sawaeed Holding, established in 2006, has diversified its services over the years, including investments, industrial training, manpower accommodation, and facilities management. Its core business in employment services has made it a key player in the industry.

The General Assembly Meeting of ESG Emirates Stallions Group PJSC is scheduled for Monday 6th May 2024 at 3:00 pm. The meeting will be held virtually, with shareholders attending electronically. The approved shareholder's invitation and the agenda for the Annual General Assembly have been enclosed. Additional attachments include the announcement of nominations for Board membership, a disclosure regarding the approval of proxies, and a special power of attorney form for the ESG's General Assembly Meeting.