Amanat Holding Company has allocated at least 1.5 billion dirhams ($408 million) for acquisitions in 2022, and that some of its portfolio companies are candidates for listing in the stock market, According to CEO Mohamed Hamadeh.
According to Arabiya Net, Hamada added in an interview with Bloomberg TV: We have at least 1.5 billion dirhams to invest in healthcare and education in 2022.
This comes as the company has invested more than one billion dirhams in acquisitions this year.
He said that the investments will focus on the markets of the UAE, Saudi Arabia and Egypt, and in sectors distributed between higher education, pre-university education or specialized health care, where opportunities are currently being explored.
He also indicated that the company may also benefit from a series of initiatives announced by the Dubai government to encourage listing on the stock exchange.
Dubai plans to list 10 state-owned companies on the stock market, and the list may include Emirates Airlines.
Hamada said: In our platforms, whether it's on the healthcare side or the education side, we have candidates who can be potential IPOs at the right time in line with our strategy.
He added: We can target the offering in local and international markets.
