DUBAI: Amanat Holdings PJSC, the GCC’s largest healthcare and education investment company, announced the appointment of Dr. Mohamad Hamade as Chief Executive Officer (“CEO”) of the company.

Dr. Hamade, previously the Chief Investment Officer (“CIO”) of Amanat Holdings, succeeds Mr. Tristan de Boysson who held the position as the CEO of Amanat since February 2019 and led the company during a period of integration and optimization of Amanat’s newly acquired portfolio companies.

Dr. Hamade, during his position as CIO, was instrumental in driving Amanat’s portfolio growth since his joining in November 2017, having led a series of successful acquisitions in 2018 amounting to AED 1.2 billion and contributing to the company’s 40% growth in profitability in FY 2019.

As a member of the boards and executive committees of Amanat’s investee companies, Dr. Hamade also plays a key role in driving growth and value creation across Amanat’s portfolio through various corporate strategy, corporate governance and corporate finance initiatives.

Dr. Mohamad has a wealth of experience in the healthcare and education sectors across the region and holds an M.D. and a BSc in Biology from the American University of Beirut, and an MBA from Cornell University in the USA. He also holds a Research Fellowship Certificate in ENT Surgery from Harvard Medical School.

Commenting on behalf of the Board, Mr. Hamad Abdulla Al Shamsi, Chairman of Amanat, said: “We have the utmost faith in Dr. Hamade’s leadership and strategic capabilities, which he has demonstrated continuously during his role as CIO and we are confident that he will succeed in delivering Amanat’s future growth prospects. We also look forward to supporting Dr. Hamade in the delivery of our strategic objectives and overseeing Amanat’s growth plans in the coming phase. I would also like to take the opportunity to thank Tristan for his leadership over the course of his tenure and wish him the best in his future endeavors.”

Dr. Mohamad Hamade commented: “I am delighted and proud to serve as Amanat’s chief executive officer at such a crucial stage in its investment cycle. The journey ahead in Amanat is an exciting one as we continue to build on our track record as a leading investment company in healthcare and education in the region. Despite the macro-economic challenges, I believe this is the time for us to optimize our operations, grasp opportunities, and play a key role as a market consolidator which will enable us to build and grow our existing platforms and enhance shareholder returns.