DUBAI, UAE: Amanat Holdings PJSC, the leading healthcare and education listed investment company, and Mada International Holding, one of the leading and well diversified infrastructure developers in the Kingdom of Saudi Arabia (KSA), have announced a strategic partnership to collaborate on public-private partnership (PPP) projects in the healthcare sector in Saudi Arabia, with a focus…
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NEMA Holding has acquired Liwa College of Technology
DUBAI: NEMA Holding, a portfolio company of Amanat Holdings, has acquired 100% of Liwa College of Technology (LCT). Abu Dhabi University Holding Company recently announced a name change and will now be known as ‘NEMA Holding’, reflecting its progress as it implements its strategy to support the growth of the national economy over the next 50…
Amanat sells 13.13% stake in International Medical Center for SAR 443mn
DUBAI, UAE: Saudi Healthcare and Education Fund, a private investment fund established in the Kingdom of Saudi Arabia, has sold its minority equity interest representing 13.13% of the shares in International Medical Center KSA (IMC) to a private investor for a total consideration of SAR 443 million. Amanat Holdings through its subsidiaries indirectly holds 100%…
Amanat Holdings announces its Social Infrastructure Platform
DUBAI, UAE: Amanat Holdings, GCC’s largest healthcare and education investment company, has announced the launch of its Social Infrastructure Platform with the acquisition of the real estate property of Cambridge Medical and Rehabilitation Centre’s (CMRC) facility in Abu Dhabi for AED 46 million, a news release said. The transaction marks Amanat’s first investment in healthcare…
Amanat Holdings reports record high profits
DUBAI: Amanat Holdings, the GCC’s largest healthcare and education investment company, reports record-high profitability for the first quarter ended 31 March 2021. Amanat records AED 41.0 million in Total Income, up 110.7% y-o-y and Income from Investments of AED 39.2 million, up 153.7% y-o-y. Total expenses declined 30.7% resulting in a Net Profit of AED…
Amanat Holdings invests $5.0 million in US-based EdTech company BEGiN
DUBAI: Amanat Holdings PJSC has made an AED 18.4 million (USD 5 million) investment in BEGiN, a US-based leading education technology company behind the proven early learning program HOMER as part of their Series C financing round. BEGiN is focused on early childhood education through a highly effective and engaging platform aimed at children between…
Amanat Holdings’ earnings decline for 1H 2020
DUBAI: Amanat Holdings PJSC, the GCC’s largest healthcare and education investment company, nnounced its consolidated financial results for the first half ended 30 June 2020, reporting an adjusted total income of AED 43.0 million in 1H-2020, down by 32.6% y-o-y, and adjusted income from investments of AED 37.4 million in 1H-2020, down by 31.4%. Adjusted…
Amanat Holdings appoints Dr. Mohamad Hamade as CEO
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…
Amanat Holdings posts 38% increase in net profit
DUBAI: Amanat Holdings PSJC announced its consolidated financial results for the nine-month period ended 30 September 2019 recording an increase of 38% in net profit to reach AED 33.4 million in 9M-2019. Amanat Holdings is the GCC’s largest healthcare and education investment company. The increase in income from investments in 9M-2019 was led by strong…