2024-03-21 14:01:02
ESG Stallions Emirates Group, a subsidiary of International Holding Company (listed on the Abu Dhabi Securities Market), announced the strengthening of its diversified business portfolio through the acquisition of additional 40% stakes in two companies in the field of interior design in the UAE, namely “The Vision Furniture and Decoration Factory” and “Decofjin” Company, in a strategic step aimed at consolidating the group’s position in the interior design and furniture manufacturing sectors.
The “Royah Furniture and Decoration Factory” is distinguished by its distinguished position in the production of luxury furniture and modern carpentry works, and its work is unique in its superior manufacturing skill and precision in innovative designs. The acquisition of an additional 40% stake in the factory by ESG Stallions Emirates brings full ownership of the factory back to the group following the initial acquisition of a 60% stake in the factory in 2022. This complete acquisition embodies ESG Stallions’ commitment Emirates” by strengthening its leadership in the fields of design and manufacturing in the UAE.
DecoVision, the main provider of interior and engineering design services in the region, is also known for the quality of its international products and its distinctive design touches. The recent acquisition of “ESG Stallions Emirates” will increase its stake in DecoVision, bringing its ownership percentage in the company to 85%, following the group’s previous acquisition of a 45% stake in 2022. These strategic investments will contribute to the group strengthening its presence. The growing interior design and decoration sector in the region.
Matar Suhail Ali Al Yabhouni Al Dhaheri, Chairman of the Board of Directors, ESG Stallions UAE, said: “Our strategic investments in both Al Roya Furniture and Decoration Factory and DecoVision confirm our confidence in the great potential of these two companies and their ability to enhance the interior design sector in the UAE.” United States and its advancement, as each of them has succeeded in establishing a leading position in this field, which gives us the opportunity to advance the wheel of innovation and take the lead in the development of the thriving sector in the market.”
The recent acquisitions reflect the growing growth strategy of ESG Stallions UAE Group with the expansion of its operations around the world, and the richness and diversity of its business portfolio in the fields of engineering, construction and development.
Al Dhaheri added: “With the emergence of new challenges in global supply chains, strengthening the local interior design market has become a strategic necessity in our region, and our investments in leading local companies have become important to advance a prosperous and self-sufficient work system in the field of interior design and decoration, and to promote innovation and sustainable growth in the country.” ».
Kayed Kharma, CEO of ESG Stallions UAE, said: “Through strategic acquisitions, we look forward to strengthening our operational operations in a way that meets the growing needs of the interior design market. Both the “Royah Furniture and Decoration Factory” and the “DecoVision” Company have demonstrated tremendous capabilities in their fields of specialization, and increasing our percentage of ownership in them reflects the extent of our confidence in their expertise and their distinctive position in the market, and culminates our efforts aimed at participating effectively in shaping the features of the future of the interior design sector in the United Arab Emirates. United States and the region.
The “Royah Furniture and Decoration Factory” specializes in manufacturing various types of furniture, designs, decorative panels, doors and high-quality furnishings. DecoVision has established its position as a leading company in the high-end interior design and decoration sector, and the company has remarkably succeeded in meeting the growing demand for luxury interior decoration solutions. The company is proud to have a wide client base that includes important official institutions, luxury hotels, prominent developers and large contracting companies.
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