Emirates Stallions Group secures 60% majority stake in AFKAR investments

The acquisition is part of major expansion for ESG into the real estate and retail sectors

Emirates Stallions Group, the Global investment, engineering, and construction solutions company and a subsidiary of International Holding Company (IHC), has recently announced the acquisition of a 60% stake in AFKAR Financial & Property Investments, an Abu Dhabi-based company with diversified interests across the UAE.

This significant move marks ESG’s robust expansion in the real estate and retail sector, further solidifying its position as a leading global investment powerhouse in the region.

Diversification

“Through this strategic acquisition, we are fortifying and diversifying our Group’s portfolio, with the aim of expediting the development of our business plan for the upcoming year. Our focus is on delivering a higher Return on Investment (ROI) and continuing to add value to our investors,” affirmed Kayed Khorma, CEO, Emirates Stallions Group.

“ESG remains committed to investing in high-growth sectors and diversifying its business verticals throughout 2024. That’s our strategic vision,” he added.

The acquisition is a strategic move by ESG to invest in high-growth sectors, contributing significantly to the UAE’s economic diversification efforts. AFKAR’s extensive portfolio, including key showrooms in prime locations like Marina Mall Abu Dhabi, Al Ain Mall, Mega Mall and The Galleria, Al Maryah Island, complements ESG’s existing holdings and positions the group for further expansion, a press communique concluded.