Page 152 - AAE PR REPORT - July 2024

7/19/24, 2:13 PM Dubai's Amanat Holdings plans to list its education platform
Dubai's Amanat Holdings plans to list its education platform

IPO momentum continues amid strong investor demand

Fareed Rahman
18 July, 2024

Dubai’s Amanat Holdings plans to proceed with an initial public offering of its education

platform amid a surge in listings across the Gulf stock markets and strong investor

demand.

The company will engage with relevant financial, legal and commercial advisers on the

IPO, it said on Thursday in a filing to the Dubai Financial Market, where its shares are
traded.

Amanat, however, did not say where it plans to list the platform and how many shares it

plans to sell to investors as part of the transaction. The IPO plans were first revealed in

May.

Amanat’s education platform includes Middlesex University Dubai, the first overseas
campus of London's Middlesex University, Human Development Company, a provider of

special education and care services in Saudi Arabia, and Nema Holding, which offers

higher education in Abu Dhabi.

The company also operates a healthcare platform with a medical and rehabilitation centre

in Saudi Arabia and the UAE, and a hospital in Bahrain.

The new announcement comes as local companies continue to list their shares on the stock

exchanges following a public mandate to boost the capital markets.

In November 2021, Dubai said it would list 10 state-owned companies and establish a Dh2

billion market maker fund to encourage listings from private companies in sectors such as

energy, logistics and retail.

https://www.thenationalnews.com/business/markets/2024/07/18/dubais-amanat-holdings-plans-to-list-its-education-platform/ 1/2