As per the MoU, Nafis will engage EIH in its programs and initiatives, allowing EIH to take advantage of the benefits, registration, organization of awareness-raising workshops, and passing the necessary budgets for the mutually agreed programs.

Source: https://mid-east.info/eih-ethmar-international-holding-pjsc-and-emirati-talent-competitiveness-council-nafis-sign-an-mou-to-promote-emiratization-and-talent-development/

As per the MoU, Nafis will engage EIH in its programs and initiatives, allowing EIH to take advantage of the benefits, registration, organization of awareness-raising workshops, and passing the necessary budgets for the mutually agreed programs.

Source: https://mid-east.info/eih-ethmar-international-holding-pjsc-and-emirati-talent-competitiveness-council-nafis-sign-an-mou-to-promote-emiratization-and-talent-development/

However, Oberoi faced a takeover threat in 2010 after -based ITC bought around 15 per cent stake in EIH Ltd. He then brought in Mukesh Ambani’s Reliance Industries as a white knight by offering an equity stake in August 2010.

Source: https://indianexpress.com/article/business/companies/prs-oberoi-death-indian-hospitality-doyen-9025908/

In terms of future expectations, consensus estimates indicate annual revenue growth in early teens for larger players such as IHCL and EIH.

Source: https://www.thehindubusinessline.com/portfolio/big-story/ihcl-eih-lemon-tree-royal-orchid-4-key-factors-to-be-at-home-with-hotel-stocks/article67076298.ece