Amanat signs sale and purchase deal for stake in Saudi health care firm

Dubai: Amanat Holdings, a health care and education start-up, said on Sunday that it has signed a sale and purchase agreement (SPA) to acquire a significant stake in a health care company in Saudi Arabia.

The agreement, which was announced on the Dubai Financial Market website, is subject primarily to the relevant regulatory approvals and Amanat’s board of directors approval to be completed within a six-month period.

Amanat posted a net loss of Dh14.49 million for the November 17-December 31, 2014 period.