Dubai, UAE — Emirates Stallions Group, a subsidiary of International Holding Company, reported an 11% rise in first-quarter revenue on Wednesday, helped by strong demand in real estate and workforce services.
Revenue climbed to 370 million dirhams ($100.7 million) in the three months ended March 31, from 333 million dirhams a year earlier. Net profit rose 29% to 68.6 million dirhams, while gross profit increased 32% to 130.5 million dirhams.
Operating profit before tax jumped 32% to 79 million dirhams, reflecting efficiency gains across the group’s core businesses.
Total assets stood at 4.8 billion dirhams at the end of March, up 10% from year-end 2025, while total equity rose to 3.1 billion dirhams.
Chairman Matar Suhail Al Yabhouni Al Dhaheri said the results reflected the strength of the group’s diversified operating platform.
The company’s real estate arm, Royal Development Holding, benefited from robust demand. Its Rotana Residences project on Abu Dhabi’s Al Reem Island, valued at 1 billion dirhams, sold out ahead of launch.
Its manpower and accommodation business, Sawaeed Holding, also posted strong growth during the quarter.
