Emirates Stallions Group secures 60% stake in Afkar

Emirates Stallions Group secures 60% stake in Afkar

ABU DHABI / WAM Emirates Stallions Group (ESG), a subsidiary of International Holding Company (IHC), on Thursday 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 ...

ABU DHABI / WAM

Emirates Stallions Group (ESG), a subsidiary of International Holding Company (IHC), on Thursday 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.

Afkar has been active in various sectors including commercial enterprise investment, institution and management, companies’ representation, real estate enterprise investment and development, and the retail trade of household and office furniture and interior decoration materials. The company flagship brands, 2XL Home and OC Home, have strengthened their market presence with new showrooms and a strategic expansion plan, reflecting their commitment to quality and customer-centric approach.

Kayed Khorma, CEO of ESG, said, “Through this strategic acquisition, we are fortifying and diversifying our group’s portfolio,