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07/03/2018 05:50 AST
Amanat Holdings has announced that it acquired a 35 per cent beneficial interest in Abu Dhabi University Holding Company (ADUHC), which is involved in private higher education in Abu Dhabi, Al Ain, Dubai and Al Dhafra region.
The company did not provide the value of the deal.
"This investment expands our exposure into the higher education market through one of the leading players in terms of quality and market share. We are committed for a long term partnership, where we work collaboratively to generate long term sustainable value," said Dr Shamsheer Vayalil, Vice-Chairman, Managing Director and Chief Executive Officer of Amanat in a statement on Tuesday.
Listed on the Dubai Financial Market (DFM), Amanat Holdings business interests span healthcare and education sectors. It has a capital of Dh2.5 billion.
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Amanat Holdings PJSC ("Amanat"), the GCC's largest investment company solely focused on healthcare and education, announced today that it will seek to attain Shari'a compliant status.
In li
Press Release
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.10 | 0.10 (0.02 |
| FAB | 16.40 | 0.10 (0.61 |
| EMIRATESNBD | 27.35 | 0.00 (0.00 |
| ADCB | 15.18 | 0.34 (2.29 |
| ADIB | 22.18 | 0.06 (0.27 |
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