Latest news with #AmanatHolding
Khaleej Times
11-08-2025
- Business
- Khaleej Times
Dubai-listed Amanat Holding sells school real estate asset for Dh435 million
A leading healthcare and education listed investment company on Monday said it has sold real estate assets of North London Collegiate School for Dh435 million. The Dubai-listed company Amanat Holding said that it sold the asset to an undisclosed third-party buyer who shall bear the value-added tax (VAT) and Dubai Land Department (DLD) fee. It expects the transfer of the property and receipt of funds will take place in the third quarter of 2025. Amanat Holding expects the sale to generate a gain for the company. 'The sale is in line with the company's strategic objective to create shareholder value and focus on core investments," it said in a statement, adding that the focus is on healthcare and education. As the population of Dubai continues to grow exponentially, demand is growing for real estate assets related to education. 'Amanat remains focused on delivering value to shareholders, continuing with our monetisation plan for education,' Dr. Shamsheer Vayalil, chairman, Amanat, said after the first quarter results. Amanat Holdings' revenues in the first quarter of 2025 grew by 13 per cent year-on-year to Dh240.7 million, driven by strong performance at education, which grew 23 per cent year-on-year.
Zawya
11-08-2025
- Business
- Zawya
Dubai's Amanat signs SPA to sell real estate assets for $123mln
Dubai DFM-listed Amanat Holding has entered into an SPA (sale and purchase agreement) for the sale of the real estate assets of North London Collegiate School to a buyer for 453 million dirhams ($123.3 million). The sale and transfer of the property is expected to be completed in Q3 2025. Amanat invests in and operates education and healthcare assets in the UAE, including International Medical Center, Sukoon, Abu Dhabi University Holding Company and Middlesex University Dubai. (Writing by Brinda Darasha; editing by Mily Chakrabarty)
Zawya
11-08-2025
- Business
- Zawya
Dubai's Amanat signs SPA sell real estate assets for $123mln
Dubai DFM-listed Amanat Holding has entered into an SPA (sale and purchase agreement) for the sale of the real estate assets of North London Collegiate School to a buyer for 453 million dirhams ($123.3 million). The sale and transfer of the property is expected to be completed in Q3 2025. Click here to download infographic Amanat invests in and operates education and healthcare assets in the UAE, including International Medical Center, Sukoon, Abu Dhabi University Holding Company and Middlesex University Dubai. (Writing by Brinda Darasha; editing by Mily Chakrabarty)
Business Recorder
30-05-2025
- Business
- Business Recorder
UAE markets fall but Dubai index ends May at multi-year high
Dubai's main share index ended May at its highest level since July 2008, even as global trade uncertainty and concern over an economic slowdown weighed on sentiment in Friday's session. Oil prices - a catalyst for Gulf markets - were flat on Friday and heading for a second consecutive weekly loss, as investors weigh a potentially larger OPEC+ output hike for July, and uncertainty spreads around U.S. tariff policy after the latest courtroom twist. United Arab Emirates' markets settled lower on Friday, with Dubai's index retreating 0.22% and Abu Dhabi's benchmark index ending 0.62% lower, although the market ended the month at its highest level since March 2024. Abu Dhabi's index also recorded a seventh consecutive weekly session of gains. Ratings agency Fitch warned on Thursday that Dubai real estate prices are likely to face a double-digit fall in the second half of the year and in 2026. The Gulf's business and tourism hub, Dubai has experienced a post-pandemic property boom, fuelled by foreign investment and government-led residency reforms, which have helped send real estate prices soaring. Real estate development company Emaar Properties fell 1.13% on Friday. Healthcare and education investment company Amanat Holding was the biggest loser on the index, down 2.78%. All other Gulf markets are closed on Friday. -------------------------------------- ABU DHABI down 0.62% to 9,685.1 DUBAI down 0.22% to 5,480.51 --------------------------------------
Zawya
30-05-2025
- Business
- Zawya
Mideast Stocks: UAE markets fall but Dubai index ends May at multi-year high
Dubai's main share index ended May at its highest level since July 2008, even as global trade uncertainty and concern over an economic slowdown weighed on sentiment in Friday's session. Oil prices - a catalyst for Gulf markets - were flat on Friday and heading for a second consecutive weekly loss, as investors weigh a potentially larger OPEC+ output hike for July, and uncertainty spreads around U.S. tariff policy after the latest courtroom twist. United Arab Emirates' markets settled lower on Friday, with Dubai's index retreating 0.22% and Abu Dhabi's benchmark index ending 0.62% lower, although the market ended the month at its highest level since March 2024. Abu Dhabi's index also recorded a seventh consecutive weekly session of gains. Ratings agency Fitch warned on Thursday that Dubai real estate prices are likely to face a double-digit fall in the second half of the year and in 2026. The Gulf's business and tourism hub, Dubai has experienced a post-pandemic property boom, fuelled by foreign investment and government-led residency reforms, which have helped send real estate prices soaring. Real estate development company Emaar Properties fell 1.13% on Friday. Healthcare and education investment company Amanat Holding was the biggest loser on the index, down 2.78%. All other Gulf markets are closed on Friday. ABU DHABI down 0.62% to 9,685.1 DUBAI down 0.22% to 5,480.51
