Abu Dhabi – Mubasher: Emirates Stallions Group (ESG) fully acquired Sawaeed Holding after increasing its stake in the latter by 83.89%, according to a press release.
The transaction bolsters ESG’s manpower portfolio and anchors the group’s position as a leader in the sector across the region and beyond.
Established in 2006, Sawaeed Holding initially specialised in employment services and diversified into various sectors, including investments, industrial training, manpower accommodation, and facilities management.
Matar Suhail Ali Al Yabhouni Aldhaheri, Chairman of ESG, said: “By integrating Sawaeed Holding into our portfolio, we are not only expanding our capabilities but also reinforcing our commitment to becoming the leading provider of comprehensive manpower solutions in the region.”
“This aligns seamlessly with our vision for growth and market leadership in the manpower services sector,” Aldhaheri stated.
ESG will leverage Sawaeed’s expertise and network to meet the increasing need for specialised manpower solutions, both locally and globally.
Abdulla Al Rashdi, Chairman of Sawaeed Holding, commented: “This acquisition holds immense potential for expansion, allowing us to enhance our service offerings significantly.”
“It is a collaboration that speaks volumes of our mutual dedication to excellence and strategic growth in the manpower sector,” Al Rashdi added.
In line with its plans to reinforce its portfolio, the ADX-listed group recently secured a number of acquisitions, including UAE interior design firms, Vision Factory and Decovision.
