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

Emirates Stallions Group (ESG) has acquired a 60% majority stake in AFKAR Financial & Property Investments. This acquisition is part of ESG's expansion into the real estate and retail sectors. AFKAR is an Abu Dhabi-based company with a diverse portfolio, including commercial enterprise investment, real estate investment and development, and the retail trade of household and office furniture. The company has shown significant growth in the past three years with a 13% increase in assets and a 10% rise in revenue. ESG's CEO, Kayed Khorma, stated that this strategic acquisition aims to diversify the group's portfolio and expedite the development of their business plan, aiming to deliver a higher Return on Investment (ROI) and continue to add value for their investors.

Emirates Stallions Group (ESG), a global investment, engineering, and construction services business, has acquired a majority stake in United International Group (UIG), a leading provider of qualified labour and comprehensive manpower solutions in the UAE. The acquisition is expected to enhance ESG's manpower portfolio, aiming to deploy over 30,000 skilled professionals by the end of 2024. This move is part of ESG's strategic plan to capture a significant role in the rapidly growing manpower market in the region and expand its manpower services in some GCC countries.

ESG Hospitality, a subsidiary of Emirates Stallions Group (ESG), has partnered with Hilton to develop the Mallside Residence and Hotel, part of the Curio Collection by Hilton, at Dubai Hills Estate. The project, which is set for completion in November 2026, will consist of an 18-floor hotel and residential tower with a range of studio to three-bedroom apartments. The development will also include retail, food and beverage, and lifestyle offerings. ESG Hospitality will hold a 51% majority stake in the project, while Montgomerie Proprietary Investment Ltd will hold a 49% stake. The development is located in a prime location with direct access to Dubai Hills Mall.