Abu Dhabi: Amanat Holdings, an investment company focused on health care and education, said on Thursday it has increased its ownership in Taaleem Holdings to 21.7 per cent for a total investment of Dh52 million.
Taaleem Holdings provides early childhood, primary and secondary education. The group currently operates through ten facilities (seven schools and three nurseries) in the UAE and has a capacity of 11,000 students with current enrolment figures of around 9,000 students.
In April 2016, Amanat acquired a 16.34 per cent stake in Taaleem Holdings for Dh146 million. The new investment represents a 5.3 per cent additional stake in Taaleem Holdings, making Amanat the largest shareholder in Taaleem.
“Taaleem Holdings was our first investment in the education sector in the UAE, and we were always keen on increasing our stake in it at the right price as we firmly believed in its model and positioning. To date, our journey with Taaleem has been in alignment with our vision of creating a smarter society,” said Hamad Al Shamsi, Chairman of Amanat Holdings.
Amanat Holdings, with a capital of Dh2.5 billion, is listed on the Dubai Financial Market (DFM). The company’s shares closed up 0.12 per cent to Dh0.802 on Thursday.
Amanat has a mandate to establish, acquire and incorporate companies working in the health care and education sectors, and develop, manage and operate these companies within the Gulf Cooperation Council.
