Palms Sports Company recorded qualitative achievements and the cumulative value of long-term service contracts amounted to 770 million dirhams.
The contract period extends to four years.
Abu Dhabi, United Arab Emirates, Palms Sports Company (ADX: PALMS), the leading sports management company in the region, the largest Jiu-Jitsu training company in the world, and a subsidiary of International Holding Company (ADX: IHC), announced that it has won the renewal of the training services contract for a period of four years, at a value of $ 62.8 million dirhams. making it the longest-running individual contract in Palms sports history.
Under this agreement, Palms Sports will provide a team of specialized sports experts to provide integrated and specialized training programs, as these programs will include newly developed training methodologies endorsed by leading experts in the field – and tailored to meet the specific needs of the government sector. This partnership represents a major step in Palms Sports’ commitment to delivering excellence in fitness and training services across the UAE, and is a testament to the company’s ever-growing presence in the sports industry.
Under the agreement, Palms Sports will provide a team of expert sports professionals to deliver comprehensive and specialized training programs that focus on gymnastics exercises, an approach adopted by experts and pioneers in this sector and favored by modern fitness enthusiasts. This partnership confirms Palms Sports’ keenness to provide the best fitness services and excellence in the field of sports training in the United Arab Emirates.
In this context, Fouad Darwish, CEO and Managing Director of Palms Sports Company, stated: “Governments in the region are showing interest in developing and developing the capabilities of their human cadres in all fields, going beyond the scope of functional training and usual services, and the renewal of this contract for an additional four years comes as a testimony that reflects the importance it gives The UAE government is one of its top priorities for the fitness of its employees.”
The training programs offered by Palms Sports are designed to enable individuals through the continuous development of the physical fitness and accompanying mental attributes necessary to meet the demands and challenges faced by each individual in his field. This initiative is a prime example of effective collaboration between the public and private sectors, accelerating our progress towards building a stronger and more sustainable future.
#corporate data
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About Palms Sports
Palms Sports Company PJSC was established in 2011 and is headquartered in the United Arab Emirates. The company works to promote specialized sports activities with a greater focus on the sport of Jiu-Jitsu and martial arts for the citizens of the United Arab Emirates. Sports Palms is one of the 8 companies listed on the Abu Dhabi Financial Market affiliated to the International Holding Company, and focuses on the importance of sports in our daily lives, and works diligently to help the community to integrate “sports” and “entertainment” in their daily activities.
www.palmssports.com
About the International Holding Company
The International Holding Company was established in 1998 as part of an initiative to diversify and develop non-oil business sectors in the UAE, and has grown to become the most valuable listed holding company in the Middle East with a market capitalization of AED 864 billion as of June 30, 2023. The company seeks to implement initiatives Sustainability, innovation and economic diversification across what is now one of the largest conglomerates in the region. The company is included in the FTSE ADX 15 Index (FADX 15), which represents the 15 largest and most liquid companies on the Abu Dhabi Stock Exchange.
The company holds a clear objective of enhancing its portfolio through acquisitions, strategic investments and business combinations. With over 479 subsidiaries and more than 104,000 employees, it seeks to expand and diversify its holdings across a growing number of sectors, including asset management, healthcare, real estate, construction, marine & dredging, information and communication technology, financial services, food production and processing, utilities, and services.
With a core strategy of enhancing shareholder value and growth, IHC drives operational synergies and maximizes cost efficiencies across all segments – and continues to evaluate investment opportunities through direct ownership and partnerships within the UAE and abroad. As the world changes and new opportunities emerge, the International Holding Company remains focused on flexibility, innovation and redefining market objectives for itself, its clients and its partners.
2023-08-28 14:42:05
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