Amanat Holding announced that it has invested 18.4 million dirhams in American educational technology company Bigen.
According to the Emirates News Agency, Amanat, through this investment, has become Begin's main strategic partner in the Middle East and North Africa region, while benefiting from Amanat's deep experience in this field. In addition to its distinctive and supportive network in driving growth in the region.
This is Amanat's first venture capital investment and is in line with its strategic objectives of investing in growing education and health technology companies that have an attractive business model and strong management team With regional growth and a clear vision towards achieving profitability in the short and medium term, in addition, this investment reflects Amanat’s commitment to play a major role in education and health technology in the region, the necessity of which emerged after the outbreak of the Covid-19 pandemic.
Dr. Mohamed Hamada, CEO of Amanat, said: “Our investment in Begin represents an important step for Amanat given the profound impact of such innovative technology on the sectors in which we invest. We believe that this is the right time to invest in education and health technology to develop our investment portfolio and to establish trusts as a strategic partner in the region with influencers in this field.
He added: We are always keen to search for opportunities that will change the methods of providing traditional educational and health services, and we believe that there are more similar acquisition opportunities .. confirming that this investment It serves our investment policy aimed at entering into partnerships with leading international companies whose business model can be transferred to the region, which would create value and a source for rapid development and competitive differentiation from others.
