Dubai Investor Amanat Sees Deal Opportunity With Abraaj Collapse - Bloomberg

Dubai Investor Amanat Sees Deal Opportunity With Abraaj Collapse - Bloomberg:

Amanat Holdings PJSC is scouting for deals as the investment firm seeks to capitalize on the collapse of Dubai-based Abraaj Group. “We want to be number one and now is the real opportunity to gain that position,” Managing Director Shamsheer Vayalil said in an interview on Wednesday. “Amanat is well poised to lead the healthcare and education space in the region and abroad in the incumbent era.” The company is looking at a “couple more” healthcare and education deals in the Gulf region, India and Egypt after some of its biggest transactions in recent weeks, Vayalil said. Amanat has deployed less than 60 percent of its 2.5 billion-dirham ($680 million) paid-up capital without raising debt, which “positions us strongly to flex our financial muscle and gain market position,” he said.