Page 300 - ALEF EDUCATION PR REPORT MAY 2024

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5/16/24, 5:15 PM Dubai-listed Amanat Holdings considers IPO of education platform

The firm, which operates healthcare and education assets, said its board had approved
the carve-out and creation of a new holding company for the platform, which could

potentially be listed.

"This decision reflects the Board's confidence in the Education platform's robust financial
and operating performance, its attractive market positioning, and the compelling

prospects for long-term value creation," Amanat said.

The potential IPO would follow other listings of education firms in the region in recent

years, including Emirati schools operator Taaleem Holdings. Abu Dhabi-based Alef

Education has also reportedly been considering a listing.

Amanat's education 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.

($1 = 3.6724 UAE dirham) (Reporting by Federico Maccioni Editing by Alexandra

Hudson)