Amanat to list on DFM November end

July 16, 2015 6:32 AM

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Amanat Holdings will be officially listed on the Dubai Financial Market (DFM) on Sunday, November 30, 2014. The firm is the largest public joint stock company under incorporation in the healthcare and education sectors in the Gulf region.

Amanat had launched 55% of its stock in an initial public offering (IPO) on October 20. The two-week IPO attracted AED 13.6 billion, ten-fold Amanat’s target of AED 1.375 billion. Around 3650 individual investors sought to buy shares in the IPO.

Value-creation for the healthcare and education company focuses on three main points, namely: financing companies that are capable of growing through implementing initiatives that create value and financial support – by around 70% of the IPO – added to financing infrastructure projects related to the expansions of such companies (by around 25% of the IPO capital).

Source: english.mubasher.info

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