Dubai-listed Amanat Holdings (AMANT.DU), opens new tab will proceed with an initial public offering (IPO) of its education platform on the local bourse, a filing showed on Thursday.
The group, which operates healthcare and education assets, said its board had approved the flotation and would engage with advisers.
The move adds to a flurry of IPOs in the Gulf in recent years as local governments try to deepen capital markets and attract investment. Companies in the Middle East and North Africa raised $3.6 billion in the first half, LSEG data showed.
The IPO follows that of other education firms such as Emirati schools operator Taaleem Holdings (TAALEEM.DU), opens new tab. Abu Dhabi-based Alef Education (ALEFEDT.AD), opens new tab made its debut last month.
Amanat Holdings said in May it was considering options for its education platform, including a listing.
The platform includes MDX, one of the overseas campuses of Middlesex University in London as well as HDC, which offers special education and care services in Saudi Arabia, and Nema Holding, which provides higher education in Abu Dhabi.
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