21/10/2014 06:47 AST

THE highly anticipated initial public offering (IPO) of Amanat Holdings, a public joint stock company under incorporation, opened Monday, with the prospectus now available for download at www.amanat.ae. With a total capitalization of AED 2.5 billion listed on the Dubai Financial Market (DFM), the Amanat IPO will create the GCC’s largest integrated healthcare and education company.

Until Nov. 4, individual and institutional investors can apply for shares in the IPO. A total of 1,306,250,000 shares, representing 55 percent of the capital, have been offered to the public at a price of AED 1.00 per share, plus offering costs. A second tranche of 68,750,000 shares has been allocated to the Emirates Investment Authority (EIA) in accordance with UAE law. Amanat expects investors to participate in the company’s capitalization and benefit from its strong liquidity position, and efficient access to the high-growth, non-cyclical and socially responsible healthcare and education sectors.

Subscription is open to UAE, GCC and non-GCC individuals who have an up-to-date DFM Investor Number (“NIN”), as well as institutional investors. The minimum application for shares in the IPO has been set at 5,000 shares, with any additional subscription to be made in increments of at least 1,000 shares.


Saudi Gazette

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ADX 4,830.22 29.32 (0.61%)

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EIB 10.00 0.00 (0.00%)
EMIRATESNBD 9.20 -0.18 (-1.92%)
EMAAR 5.10 -0.02 (-0.40%)
EMAARMALLS 2.05 0.00 (0.00%)
DIB 5.01 0.01 (0.20%)
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