Amanat Holdings, listed on the Dubai Financial Market (DFM), has around AED 500 million in cash and is ready to expand and invest into the healthcare and the education sectors directly or indirectly through one of its subsidiaries.
The company’s liquidity accounts for 20% of total paid-up capital worth AED 2.5 billion, Amanat’s CEO Tristan de Boysson said.
A percentage of this liquidity could be used to complete further acquisitions, in addition to supporting current investments, Al Bayan Newspaper reported, citing de Boysson.
Amanat focuses on two key factors; the first is making additional investments through the current investments portfolio and bolstering subsidiaries and affiliated companies in a bid to boost their operating skills, as well as securing the required cash to finance further acquisitions, de Boysson highlighted.
The second factor is looking for investment opportunities in the healthcare and the education sectors in the GCC states, he added, pointing out that the company considers expansion in the Egyptian market as a first step towards expansion outside the Gulf region.
He noted that 2018 has been an outstanding year for Amanat in terms of investments and expansions after achieving significant growth with total investments worth AED 1.2 billion through the acquisition of four additional assets.
The company’s total investments valued at AED 2 billion at the end of 2018, making up nearly 80% of the paid-up capital, de Boysson noted.
He stressed that Amanat has not set a value for the anticipated acquisitions.