19 November 2019 | Dubai | Amanat Holdings PJSC (“Amanat” or the “Company”), the GCC’s largest healthcare and education investment company has appointed SHUAA Capital International Ltd (“SCIL”) a subsidiary of SHUAA Capital (“SHUAA”) as a liquidity provider for its shares following approval from the Dubai Financial Market.
SHUAA will act independently of Amanat within the defined parameters of their agreement and in accordance with the regulatory requirements as a liquidity provider starting 20 November 2019.
Tristan de Boysson, Chief Executive Officer of Amanat said: “We continue to be committed to creating value for our shareholders and the appointment of a liquidity provider will support us in doing so. The purpose of this agreement is to enhance the liquidity of Amanat shares and support shareholder value by reducing the impact of volatility and improve trading parameters for existing and potential investors.”
SHUAA Capital International Ltd (“SCIL”) a subsidiary of SHUAA Capital (SHUAA), through its liquidity provision services, helps to maintain tight spreads, increase trading volumes, reduce transaction costs and lower volatility, reducing the overall liquidity risk discount to the price of listed shares of issuers.
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About Amanat Holdings PJSC
Amanat Holdings PJSC is the region’s largest integrated healthcare and education investment company with paid-up capital of AED2.5 billion. Listed on the Dubai Financial Market (DFM) since 2014, Amanat has a mandate to establish, acquire and incorporate companies working in the healthcare and education sectors, and develop, manage and operate these companies within the GCC and beyond. Amanat’s healthcare platform includes International Medical Center (IMC), a 300-bed multi-disciplinary hospital based in Jeddah, Saudi Arabia; Sukoon, a provider of acute extended care, critical care and home care medical services in Jeddah, Saudi Arabia; and the Royal Hospital for Women and Children (RHWC), a world-class hospital for women and children located in the Kingdom of Bahrain. Amanat’s education platform includes Taaleem, a leading provider of K12 and early education in the UAE; Abu Dhabi University Holding Company, a leading provider of higher education; and Middlesex University Dubai, the first overseas campus of the internationally renowned Middlesex University in London. Amanat also owns the real estate assets of the North London Collegiate School in Dubai, UAE.
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For further information visit: www.amanat.com