Press releases, Reports & Disclosures for PALMS SPORTS PrJSC

Abu Dhabi-based sports management company, Palms Sports, has acquired an 80% stake in Yas Physiotherapy Center, a leading musculoskeletal and sports injury treatment and rehabilitation clinic. The acquisition fits into Palms Sports' strategy of diversification and expansion into new sectors. Palms Sports, the world's largest Jiu-Jitsu training provider, views the acquisition as a way to complement its core business, offering more comprehensive services to its stakeholders and partners, and enhancing its portfolio in the healthcare sector.

The text is about the interim condensed consolidated financial statements of Palms Sports PJSC, covering the period ending on 31 March 2024.

Palms Sports, the global sports management company, has completed its acquisition of Learn Education. This move includes the full ownership of Al Rabeeh School and Al Rabeeh Academy, both of which are known for their outstanding British-curriculum primary and secondary education in Abu Dhabi. This acquisition is a part of Palms Sports' diversification and expansion strategy. Fouad Darwish, CEO & Managing Director of Palms Sports, expressed his enthusiasm about the acquisition, stating that it aligns with the company's commitment to expansion into new areas and creating added value for investors and shareholders.