Latest news with #MatarSuhailAlYabhouniAlDhaheri
Trade Arabia
21-05-2025
- Business
- Trade Arabia
Emirates Stallions expands Saudi presence with 13,000 sqm warehouses
Emirates Stallions Group, a leading conglomerate operating across the workforce solutions, construction and real estate sectors, and a subsidiary of International Holding Company (IHC), has announced the purchase of a 16-year agreement for the usufruct rights of 13,000 sq m of warehouse space in Saudi Arabia. ESG, through its subsidiary Vision Furniture & Decoration Factory, has bought the usufruct rights of an industrial contract with the Saudi Authority for Industrial Cities and Technology Zones (Modon) of two warehouse facilities with areas of 7,448 sq m and 5,991 sq m, marking a significant expansion of ESG's operations in Saudi Arabia and the wider GCC region. The new warehouse space is expected to be operational by Q3 of 2025. Matar Suhail Al Yabhouni Al Dhaheri, Chairman of ESG, stated: 'This agreement represents a strategic milestone for the group as it strengthens our presence in Saudi Arabia and enhances our ability to provide high-quality in-house solutions that meet our clients' needs. It also reinforces our credibility in pursuing thoughtful expansion and delivering value for the group, its shareholders, and its clients. We are always committed to strengthening our position in Saudi Arabia and across the GCC region.' The strategic move enhances ESG's current production capabilities and existing facilities in Abu Dhabi. The expansion aligns with ESG's mission of delivering excellence in the interior design and manufacturing sectors, reinforcing its commitment to meeting the growing demand for high-quality interior solutions in Saudi Arabia, one of the largest and fastest-growing markets in the region. Kayed Ali Kharma, CEO of ESG, added: 'We are excited about this expansion and the opportunities it will create for us in the GCC, particularly in Saudi Arabia. The new warehouse space in the Kingdom will enable us to better serve our clients and meet the growing demand in the region for interior design and manufacturing. We look forward to strengthening our role and continuing to deliver excellence in the fields we operate in through the group and its subsidiaries.'
Zawya
21-05-2025
- Business
- Zawya
Emirates Stallions Group expands Saudi presence with 13,000 sqm warehouses under 16-year agreement
The new warehouse space will support furniture production and storage and is set to launch by Q3 2025. Abu Dhabi, United Arab Emirates: Emirates Stallions Group (ADX: ESG), the leading conglomerate operating across the Workforce Solutions, Construction and Real Estate sectors, and a subsidiary of International Holding Company (ADX: IHC), announced today the purchase of a 16-year agreement for the usufruct rights of 13,000 square meters of warehouse space in Saudi Arabia. ESG, through its subsidiary Vision Furniture & Decoration Factory, has bought the usufruct rights of an industrial contract with the Saudi Authority for Industrial Cities and Technology Zones (MODON) of two warehouse facilities with areas of 7,448 square meters and 5,991 square meters, marking a significant expansion of ESG's operations in Saudi Arabia and the wider GCC region. The new warehouse space is expected to be operational by Q3 of 2025. Matar Suhail Al Yabhouni Al Dhaheri, Chairman of ESG, stated: 'This agreement represents a strategic milestone for the group as it strengthens our presence in Saudi Arabia and enhances our ability to provide high-quality in-house solutions that meet our clients' needs. It also reinforces our credibility in pursuing thoughtful expansion and delivering value for the group, its shareholders, and its clients. We are always committed to strengthening our position in Saudi Arabia and across the GCC region.' The strategic move enhances ESG's current production capabilities and existing facilities in Abu Dhabi. The expansion aligns with ESG's mission of delivering excellence in the interior design and manufacturing sectors, reinforcing its commitment to meeting the growing demand for high-quality interior solutions in Saudi Arabia, one of the largest and fastest-growing markets in the region. Kayed Ali Kharma, CEO of ESG, added: 'We are excited about this expansion and the opportunities it will create for us in the GCC, particularly in Saudi Arabia. The new warehouse space in the Kingdom will enable us to better serve our clients and meet the growing demand in the region for interior design and manufacturing. We look forward to strengthening our role and continuing to deliver excellence in the fields we operate in through the group and its subsidiaries.' This acquisition advances ESG's footprint in the GCC and supports its strategy to expand in the interior design and manufacturing sectors. It will enable the Group to meet rising local demand more efficiently while reducing lead times and logistical complexities. About Emirates Stallions Group (ESG) Emirates Stallions Group, a subsidiary of International Holding Company (IHC), is a leading provider of Manpower Supply, Workers & Staff Accommodation solutions, as well as Landscaping & Agriculture, Real Estate Development, Engineering Project Management and associated services to Construction, Development & Hospitality. With this holistic approach, ESG provides public and private entities as well as investors with comprehensive solutions at every phase of the project. Since it was established in 2008, the Abu Dhabi-based ESG has witnessed remarkable growth and expanded its activities to global markets across more than 20 countries in the Middle East, Asia, Africa, Europe, and the Americas. True to its vision to 'Be a leading force in building a resilient future,' ESG has placed itself at the center of the UAE's economic boom, stressing its core values of 'integrating for impact, creativity, adaptability, and driving client success.' With total assets of AED 3.68 billion as of 31 March 2025, the Group is set for phenomenal growth both inside the UAE and abroad. About International Holding Company (IHC): Established in 1999, IHC has become the most valuable holding company in the Middle East and one of the world's largest investment firms, with a market capitalization of AED 879.6 billion (USD 239.3 billion). Since then, it has transformed to represent a new generation of investors. IHC's commitment to sustainability, innovation, and economic diversification spans over 1,300 subsidiaries, driving growth across industries like Asset Management, Healthcare, Real Estate, Financial Services, IT, and more. IHC continually looks beyond the stand-alone value of its assets for opportunities, stepping outside of traditional approaches and artificial barriers to unlock opportunities across its portfolio, enabling sector-agnostic Dynamic Value Networks and creating results that are often much greater than the sum of their parts. At IHC, we take our responsibility to shareholders, customers, and employees seriously. Our commitment to responsible investment ensures that we create sustainable value by staying connected to the communities we serve, making a positive difference with every investment.
Zawya
12-05-2025
- Business
- Zawya
Emirates Stallions unit Decovision expands into Saudi Arabia
Emirates Stallions Group, a leading conglomerate operating across the workforce solutions, construction and real estate sectors, and a subsidiary of International Holding Company (IHC), has announced the expansion of its subsidiary Decovision into Saudi Arabia through the launch of a new branch. Decovision is a premier provider of interior design, fit-out contracting and engineering services. The launch of the new branch reflects Decovision's ongoing commitment to bringing world-class design and turnkey interior solutions closer to its clients in the kingdom. The Saudi market, driven by ambitious national transformation programs and growing demand for premium lifestyle and commercial spaces, presents a robust opportunity for growth and innovation. This strategic expansion marks a significant milestone in Decovision's regional growth journey, reinforcing its presence across the GCC and supporting the Group's broader vision of regional and international expansion. Matar Suhail Al Yabhouni Al Dhaheri - Chairman of ESG, stated: 'We are excited to establish a strong operational presence in Saudi Arabia, a market that aligns perfectly with our growth ambitions and service capabilities.' Kayed Ali Khorma - CEO of ESG, added: 'Our new branch will enable us to better serve our clients, contribute to landmark projects, and support the Kingdom's vision of building a diversified and dynamic economy.' This move comes as part of Emirates Stallions Group's long-term strategy to strengthen its subsidiaries' footprint and capabilities, enabling them to capture new opportunities and enhance value creation across diverse markets. Established in 2003, Decovision boasts over 40 professional engineers under its management and operates a state-of-the-art factory, positioning itself as a leader in delivering high-quality interior solutions. The company has successfully executed prestigious projects such as the Presidential Palace, Royal Atlantis Hotel, Mandarin Oriental Hotel, and Edition Hotel & Hilton Conrad Hotel, along with a distinguished portfolio of other landmark developments across the region. - TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Arabian Business
09-05-2025
- Business
- Arabian Business
Emirates Stallions' Decovision expands into Saudi Arabia
Emirates Stallions Group, an IHC company operating across workforce solutions, construction and real estate sectors, announced the expansion of its subsidiary Decovision into Saudi Arabia through the launch of a new branch. Decovision is a premier provider of interior design, fit-out contracting and engineering services. The launch of the new branch reflects Decovision's ongoing commitment to bringing world-class design and turnkey interior solutions closer to its clients in the Kingdom, the company said. The Saudi market, driven by ambitious national transformation programmes and growing demand for premium lifestyle and commercial spaces, presents a robust opportunity for growth and innovation, it added. The strategic expansion marks a significant milestone in Decovision's regional growth journey, reinforcing its presence across the GCC and supporting the Group's broader vision of regional and international expansion. Matar Suhail Al Yabhouni Al Dhaheri, Chairman of ESG, said the company is excited to establish a strong operational presence in Saudi Arabia, a market that aligns perfectly with its growth ambitions and service capabilities. The move is in line with Emirates Stallions Group's long-term strategy to strengthen its subsidiaries' footprint and capabilities, enabling them to capture new opportunities and enhance value creation across diverse markets. Established in 2003, Decovision has successfully executed prestigious projects such as the Presidential Palace, Royal Atlantis Hotel, Mandarin Oriental Hotel, and Edition Hotel & Hilton Conrad Hotel, along with a distinguished portfolio of other landmark developments across the region.
Zawya
30-04-2025
- Business
- Zawya
Emirates Stallions Group delivers strong start to 2025
Revenue up 10% YoY, reaching AED 332.68 million Operational profit jumps 25%, reflecting enhanced efficiency and strategic execution Gross profit rose by 10% to AED 99.09 million, driven by disciplined cost control and high-margin contributions Book value per share rises to AED 10.18, reflecting steady value creation for stakeholders Abu Dhabi, United Arab Emirates: Emirates Stallions Group (ADX: ESG), the leading conglomerate operating across the Workforce Solutions, Construction, and Real Estate sectors, and a subsidiary of International Holding Company (ADX: IHC), today announced strong financial results for Q1 2025, with the Group's total revenue growing by 10% year-on-year. Revenue reached AED 332.68 million, building on the momentum from last year and reflecting the Group's disciplined execution and focus on operational efficiency across its diversified offerings. The Group witnessed a 25% rise in operational profit to AED 59.76 million for Q1 2025 underscoring ESG's ongoing commitment to operational excellence, driven by strategic investments and cost optimization. Gross profit also increased by 10%, totaling AED 99.09 million, supported by enhanced business integration and cost discipline across the portfolio. Matar Suhail Al Yabhouni Al Dhaheri, Chairman of ESG, stated: 'These results reflect the strength, resilience, and forward-looking vision of ESG. Our focus remains firmly on unlocking sustainable value through smart investments, disciplined execution, and a diversified portfolio that is built to perform across cycles. We will continue to lead with agility and ambition. Looking ahead, ESG remains committed to exploring new opportunities and markets, leveraging its strong financial position and diversified portfolio to drive sustainable growth and innovation.' Kayed Ali Khorma, CEO of ESG, added: 'The 25% increase in operational profit that we have witnessed in the first quarter is a clear reflection of the strength of our business. Furthermore, the sustained growth in our financial performance serves as a strong indicator of the positive trajectory the Group is on, enabling us to move forward with confidence towards further growth and regional expansion.' As of 31 March 2025, total equity rose to AED 2.545 billion, marking a 2% increase from year-end 2024 — reinforcing the Group's strong capital position and prudent financial management. While total assets remained stable at AED 3.678 billion, book value per share improved to AED 10.18, reinforcing the Group's strong capital base and ESG's consistent delivery of long-term value to its shareholders. About Emirates Stallions Group (ESG) Emirates Stallions Group, a subsidiary of International Holding Company (IHC), is a leading provider of Manpower Supply, Workers & Staff Accommodation solutions, as well as Landscaping & Agriculture, Real Estate Development, Engineering Project Management and associated services to Construction, Development & Hospitality. With this holistic approach, ESG provides public and private entities as well as investors with comprehensive solutions at every phase of the project. Since it was established in 2008, the Abu Dhabi-based ESG has witnessed remarkable growth and expanded its activities to global markets across more than 20 countries in the Middle East, Asia, Africa, Europe, and the Americas. True to its vision to 'Be a leading force in building a resilient future,' ESG has placed itself at the center of the UAE's economic boom, stressing its core values of 'integrating for impact, creativity, adaptability, and driving client success.' With total assets of AED 3.68 billion as of 31 December 2024, the Group is set for phenomenal growth both inside the UAE and abroad. About International Holding Company (IHC): Established in 1999, IHC has become the most valuable holding company in the Middle East and one of world's largest investment firms, with a market capitalization of AED 876.5 billion (USD 238.5 billion). Since then, it has transformed to represent a new generation of investors. IHC's commitment to sustainability, innovation, and economic diversification spans over 1,200 subsidiaries, driving growth across industries like Asset Management, Healthcare, Real Estate, Financial Services, IT, and more. IHC continually looks beyond the stand-alone value of its assets for opportunities, stepping outside of traditional approaches and artificial barriers to unlock opportunities across its portfolio, enabling sector-agnostic Dynamic Value Networks and creating results that are often much greater than the sum of their parts. At IHC, we take our responsibility to shareholders, customers, and employees seriously. Our commitment to responsible investment ensures that we create sustainable value by staying connected to the communities we serve, making a positive difference with every investment.
