Dubai’s Amanat Exploring Deals, Sees IPO Candidates in Portfolio - Bloomberg
Amanat Holdings PJSC, the health-care and education investment firm, has earmarked at least 1.5 billion dirhams ($408 million) for acquisitions next year and some of its portfolio companies are candidates for stock market listings, its chief executive said.
“In 2022, we have a war chest of around 1.5 billion dirhams at least to be invested in health-care and education,” said Chief Executive Officer Mohamad Hamade told Bloomberg TV. Amanat spent more than 1 billion dirhams on acquisitions this year.
“Markets such as the UAE, Saudi, Egypt, be it in higher education, K12 or specialized health-care is a target for us and we are currently exploring all of the above,” he said.
Amanat may also benefit from a series of initiatives announced by Dubai authorities to encourage listings on the stock exchange, Hamade said.
No comments:
Post a Comment