PALMS SPORTS PrJSC

Ticker/ISIN

PALMS

AEP000201019

Market/Country

Abu Dhabi Stock Exchange

United Arab Emirates

About PALMS SPORTS PrJSC

Sport Enterprises Investment, Institution and Management

Latest Pressrelease Summaries from PALMS SPORTS PrJSC

Palms Sports has secured a two-year government contract worth over AED 32 million to provide physical training and development for a prestigious institution in the UAE. The company, a leader in sports management and Jiu-Jitsu training, will deploy a team of 28 experts to support leadership development initiatives. CEO Fouad Darwish expressed pride in the partnership, highlighting the company's commitment to delivering high-quality training and its role in supporting the UAE's leadership goals. This contract emphasizes Palms Sports' expertise and expands its service offerings in leadership and personal development.

Disclosures: PALMS SPORTS PrJSC General Press Release

a month ago

Palms Sports has secured a two-year renewal of a government contract valued at AED 25.5 million, marking a 46% increase in scope and value. The contract includes the provision of 35 elite coaches, up from 24, reflecting growing demand for their specialized expertise. This renewal underscores Palms Sports' leadership in combat and tactical defense training. CEO Fouad Darwish highlighted the company's commitment to delivering top-tier training services and its ongoing efforts to diversify and expand into new markets through strategic investments and alliances.

Disclosures: Palms Sports Secures AED 25.5 million, 2-Year Renewal of Government Contract

3 months ago

Palms Sports has renewed a significant government contract worth AED 240 million for an additional two years, extending until June 2026. The company, a subsidiary of International Holding Company, will continue to provide 350 specialized Jiu-Jitsu and tactical defense specialists to enhance the readiness of program participants. The partnership, which began in 2015, has become a global benchmark for training programs. CEO Fouad Darwish expressed pride in the renewal, highlighting the quality and impact of their services. Palms Sports is also exploring opportunities for investment, diversification, and expansion into new markets, aiming to leverage its expertise in the broader sports and wellness industry.

Disclosures: Palms Sports Secures Renewal of Major Government Contract for Two Years

3 months ago

Palms Sports, a leading sports management company and the largest provider of Jiu-Jitsu training, has renewed a two-year government contract worth AED 49.5 million. This renewal continues a successful partnership that began in 2015, aimed at enhancing national capabilities through sports. The company offers specialized training in Jiu-Jitsu and self-defense, led by 60 highly skilled coaches. The renewed contract underscores Palms Sports' commitment to excellence and its strong relationship with the government sector. CEO Fouad Darwish expressed pride in the partnership, emphasizing the company's dedication to fostering innovation and professionalism in sports. Palms Sports aims to drive growth and build a thriving sports ecosystem, solidifying its position as a leader in the industry.

Disclosures: Palms Sports Wins 2-Year Government Contract Renewal Worth AED 49.5 million

5 months ago

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.

Disclosures: Palms Sports Acquires 80% Stake in Yas Physiotherapy Center

7 months ago

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

Disclosures: PALMS SPORTS PrJSC Financial Results for the Period Ended March 31,2024

8 months ago

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.

Disclosures: Palms Sports Finalizes Acquisition of Learn Education

a year ago

Palms Sports, a leading sports management company and subsidiary of International Holding Company (IHC), has announced the distribution of AED 100Mn in dividends, equivalent to 66.667% of its share capital. The dividends will be issued to eligible shareholders owning PALMS shares on the record date of February 13, 2024, with each share receiving AED 0.667. This decision follows a year of strong financial performance for the company, with revenues of AED 576 Mn and an operating profit of AED 120Mn. The dividend distribution reflects Palms Sports' commitment to shareholder value and its confidence in its ongoing financial strength.

Disclosures: PALMS SPORTS PrJSC Press Release on the Financial Results for the Period Ended December 31,2023

a year ago