1.27 billion dirhams group revenues "ESG Stallions Emirates" In 2024
Abu Dhabi, January 27 / WAM / The ESG Stallions of the Emirates, affiliated to the International Holding Company, today announced its annual financial results for the year 2024, which amounted to 1.27 billion dirhams, registered remarkable growth of 109% compared to the revenues of 2023 of 609.36 million dirhams, which reflects Great growth and strong performance across all major work sectors.
During the year 2024, the group achieved strong financial results driven by the efficiency of operational operations and strategic investments, and total profits witnessed a large jump by 160% to reach 436.32 million dirhams, compared to 167.6 million dirhams in the previous year, reflecting the enhancement of operational efficiency and the group’s ability to control costs.
In addition, operational profits increased before the tax increased significantly by 75% to 228.86 million dirhams, compared to 131.02 million dirhams in 2023.
The group continued to implement its strategy for sustainable growth and regional expansion during the year 2024, recording many achievements, the most prominent of which was the series of integration and acquisitions that strengthened the group’s presence in the market and contributed to the expansion and diversification of its portfolio, and included two main acquisitions of additional controls in both the vision factory for furniture and decoration And the company “Decofjin”, two pioneering companies in the field of interior design, decoration and the manufacture of luxury furniture.
The group also acquired the “Sawaid Holding” company, the leading company in the workforce solutions market and employee housing and workers. Matar Suhail Ali Al Yabhouni Al Dhahiri, Chairman of the Board of Directors of the ESG Stallions Emirates, said that the year 2024 was a pivotal year for the group, during which it achieved exceptional financial achievements and a remarkable strategic progress.
He added that these results reflect the strength of our business model and our firm commitment to advance growth, innovation and sustainability, and we are proud of our pioneering role in achieving growth and enhancing flexibility in our work sectors, which enhances the group’s position as a major contributor to the march of prosperity and long -term economic growth of the UAE.
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