Abu Dhabi – Mubasher: Emirates Stallions Group (ESG) has acquired a 60% shareholding in AFKAR Financial and Property Investments, an Abu Dhabi-based company with diversified interests across the UAE.
The transaction aligns with the listed company’s expansion plans to boost its portfolio in the real estate and retail sector, according to a press release.
The acquisition also anchors the group’s objectives to invest in high-growth sectors and contribute to the UAE’s economic diversification efforts.
Kayed Khorma, CEO of Emirates Stallions, said: "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,” Khorma added.
Earlier in December, Centuray Human Resource and Logistics, the newly launched arm of the ADX-listed firm, acquired an equity ownership in United International Group (UIG).
