UAE's Amanat Holding Company announced the cancellation of its subsidiary (Amanat Investments) the share sale and purchase agreement it entered into with Study World Holding Ltd. regarding the recent acquisition of the owned Middlesex University Dubai Fully to its subsidiary AHI Alpha Ltd.
Mohammed Hamada, CEO of Amanat, said in a statement to the Dubai Financial Market, today, Wednesday, that the company’s cancellation of the sale agreement is due to the length of the transaction completion period despite fulfilling all its obligations .
and the company announced in the middle of this month that it will invest 18.4 million dirhams (5 million dollars) in the American company, Consciousness Continent Media, known as BEGIN, working in the field of educational technology. / p>
The company said in a statement to the stock exchange that it had successfully completed the acquisition of 1.48 million shares in BEGIN through its subsidiary AHI Investments Limited.
the company indicated that with this investment, it has become the main strategic partner of BEGIN in the Middle East and North Africa region.
