Palms Sports' Securiguard Middle East wins AED403 million site security services contract renewal

Thu 21-09-2023 21:16 PM

ABU DHABI, 21sth September, 2023 (WAM) -- Securiguard Middle East, a subsidiary of Palms Sports, announced today that it has been awarded a substantial AED 403.5 million site security service contract extending over four years.

The contract can be extended for an additional two years in the event of satisfactory service, furthering Securiguard robust six-year partnership with the contracting UAE-based energy company.

Under the new contract’s extension, Securiguard Middle East will deploy a team of more than 2,000 highly experienced and qualified security guards that will meticulously safeguard various facilities, areas, and sites throughout the emirate of Abu Dhabi.

The company's comprehensive security services, including vigilant surveillance, access control, risk management, and emergency response measures, will cover a wide range of locations.

Fouad Darwish, CEO and Managing Director of Palm Sports, said, “This award continues our long-term commitment and maintains the company's growth, long-standing partnership and our industry’s market share in the UAE and the region."

The contract solidifies Securiguard’s stature as the preferred private security provider of choice in UAE and further propels the company’s strategic vision for operational expansion across all emirates, setting a new standard for excellence in the industry.

"Palms Sports is developing plans to accelerate and expand its investments in subsidiaries and the service segment. We are considering increasing our capital over the course of approximately three months to AED165 million”, Darwish added.

Securiguard Middle East was fully acquired by Palms Sports in a AED 300 million transaction last June, demonstrating the company’s steadfast dedication to expanding its footprint in the dynamic world of security services.

Khoder Nashar/ Hatem Mohamed

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