Page 104 - Salik PR Report July 2024

Dubai's Amanat Holdings plans to list its education

platform

IPO momentum continues amid strong investor demand

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.

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