DUBAI: Dubai-listed investment company Amanat Holdings says its new strategy will focus exclusively on healthcare and education sectors, but it will look beyond the Gulf Cooperation Council (GCC).
Following an assessment of its business and investment opportunities, the firm said it will focus on high-quality, high-growth potential firms in the GCC and beyond, and that it will pursue an active investment approach by taking majority stakes or significant minority stakes.
“Since inception, Amanat has built solid foundations and established an investment portfolio of high-quality health care and education companies.
“Building on the firm’s strength as a sector specialist and a long-term investor, we are refreshing Amanat’s strategy to take advantage of arising investment opportunities and to deliver greater value for shareholders and portfolio companies alike. This refreshed strategy will allow us to develop a healthy and well-diversified portfolio,” Amanat chairman, Hamad Abdullah Al Shamsi, said in a statement on Monday.
The firm has invested Dh1.1 billion of its Dh2.5 billion capital in health care over the past three years, during which time it invested in three deals.
Dr Shamsheer Vayalil, Amanat’s Vice-Chairman and Managing Director, stated: “We are entering a new chapter for Amanat with a clear and unique value proposition centred on education and health care sectors in the GCC and beyond where we have the opportunity to take significant minority and majority stakes. We will continue targeting leading companies with sustainable competitive advantage and strong growth prospects.”
