Amanat starts subscriptions for Dh1.325b

Dubai: Health care and education start-up Amanat started subscriptions to its Dh1.325 billion Initial Public Offering (IPO) yesterday.

The subscription period will end on November 4, and the company will list on the Dubai Financial Market (DFM) on November 29.

The company plans to sell 55 per cent of shares in two tranches, out of which 95 per cent is on offer for public, and the remaining 5 per cent will be allocated to Emirates Investment Authority.