Emirates Stallions Group Announces Record 316% Growth in Net Profit for 2023

• ESG marked a significant milestone this year, recording a net profit surge to AED 687 million.
• Strategic portfolio expansion and key acquisitions led to an impressive 168% and 202% growth in the company’s assets and equity, respectively.

Abu Dhabi, UAE, 10 February 2024: Emirates Stallions Group (ADX: ESG), the 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 and Hospitality, and a subsidiary of International Holding Company (ADX: IHC), today announced a remarkable year-on-year net profit increase of 316%, reaching AED 687 million for the fiscal year ended December 31, 2023. This significant financial achievement underscores the Group’s strategic acumen and operational excellence, marking a historic milestone in its growth trajectory.