AED 1.375 billion Amanat IPO 10 times oversubscribed

09/11/2014 18:07 AST

Amanat Holdings, a public joint stock company under formation, announced today that its AED 1.375 billion Initial Public Offering (IPO) was nearly 10 times oversubscribed, with over 3,650 individual investors applying for shares.

Amanat collected more than AED 13.6 billion in total during its 16-day IPO. Shares have been allocated proportionately to subscribers and excess funds are due to be returned to investors on November 11, 2014. Amanat is scheduled to list on the Dubai Financial Market (DFM) in late November 2014.

Faisal Bin Juma Belhoul, Chairman of the Board of Amanat, said: “I express my sincere thanks to our investors for making the Amanat IPO one of the most successful offerings of its kind in the region. Informed investors have clearly recognised that Amanat offers uniquely efficient access to the high-growth, non-cyclical and socially responsible healthcare and education sectors.”


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