Our value proposition lies in the unique offering of a diversified platform with a focus on specialized healthcare, supported by strong demographics, and management teams that are proactive investors looking to build platforms that can build scale, benefit from synergies and attract talent to ultimately create more attractive models that are built for premium exits in the future.

3

Investments in Healhtcare Sector

542

Operational Hospital Beds across UAE, KSA and Bahrain

5

Specialized Hospitals

Sector Overview

Across the GCC, a growing and simultaneously ageing population, and the increasing prevalence of lifestyle diseases, has seen healthcare quickly climb the ranks and become a top priority for the region’s governments as they strive to diversify their economies away from a reliance on oil. The MENA region’s over 65 population as a percentage of the total population stood at 5.7% in 2019, this number is set to rise to 7.6% in 2030 and to 12.7% in 2050.2 This has also been accompanied by a rise in the prevalence rates of lifestyle diseases. The need to build modern, accessible and increasingly digital healthcare sectors has been further accelerated by the COVID-19 pandemic which has driven governments all over the world to rethink the way healthcare is accessed and the way in which services are delivered. In healthcare, the care model has shifted to preventative care and value-based payment models to curb the rising cost of care and drugs which has emphasized the requirement of putting patients at the center of healthcare decision-making through driving efficiencies in convenience, accessibility, transparency as well as the personalization of products and services. In turn, this has also sprung more focus on the widening demand-supply gap of skilled professionals, pressuring regulators to introduce digital therapeutics and alternative care to mitigate the global challenge of access to care and improve patient outcomes. Additionally, as digital healthcare proliferates globally and across the region, it is becoming more critical for governance systems to strengthen data privacy, build efficiencies, and close the digital divide.

Post-Acute Care

Post-acute care (PAC) refers to the continued post-hospitalization that provides care and rehabilitation services to patients recovering from surgery, chronic illness, mental illness, or disability. As the region’s aging population grows and lifestyle diseases become increasingly prevalent, countries around the GCC are having to confront with a widening gap between the demand for high-quality post-acute care services and their supply. To address this growing supply gap, governments across the region will look increasingly towards private players. Public-private partnerships in the PAC sub-sector are anticipated to grow in popularity over the coming years as governments work to diversify their healthcare budgets and optimize their specialized care offering.

Specialist Care

Investing in specialized healthcare allows investors to provide a more focused and tailored approach for patients, this is especially important for specific healthcare needs and the growing demand for quality healthcare services. Such specialty care aims to provide end-to-end holistic care including ENT, obstetrics & gynecology, dermatology & cosmetology, physiotherapy, dentistry, gastroenterology, orthopedics, while also providing internal medicine, and pediatrics services.

Real Estate

Others

On the healthcare front, we are taking part in the advancement of medial tourism and patient repatriation in the region, effectively leveraging our integrated healthcare platforms to offer high-quality specialized medical service that have the ability to compete with those offered by other emerging markets.

Investments

Cambridge Medical & Rehabilitation Center (“CMRC”)

https://cmrc.com/

Investment Date: February 2021
85.1%
Stake

Cambridge Medical & Rehabilitation Center (“CMRC”)

CMRC is a provider of specialized inpatient and outpatient rehabilitation and long-term care, with facilities in Abu Dhabi and Al Ain in the UAE, as well as Dhahran and Jeddah in Saudi Arabia, encompassing a total of 430 beds. CMRC provides multidisciplinary and intensive rehabilitation catering to individuals living with a spectrum of medical conditions, including strokes, brain or spinal cord injuries, and congenital conditions such cerebral palsy. At the core of CMRC’s mission is operational and medical excellence, a commitment reflected in its accreditation by the Joint Commission International (JCI), the pre-eminent body for healthcare quality and safety in the world, and Commission on Accreditation of Rehabilitation Facilities (CARF), the gold standard for rehabilitation service providers. CMRC completed its merger with Amanat’s portfolio company, Sukoon, in April 2023 to create the largest pan-GCC post-acute care provider.

3

Hospitals

355

Operational Beds

AED 873 MN

Amanat’s Investment

Sukoon International Holding Company (“Sukoon”)

https://sukoon.com.sa/

Investment Date: August 2015 & February 2016
70%
Stake

Sukoon International Holding Company (“Sukoon”)

Sukoon International Holding Company (“Sukoon”) provides post-acute extended care and critical care medical services to patients who are no longer suited for care within a traditional hospital setting. International Extended Care Center (IECC), Sukoon’s flagship JCI-accredited facility located in Jeddah, has current capacity of 155 beds with plans to increase physical capacity.

1

Hospital

155

Operation Beds

AED 161 MN

Amanat’s Investment

Investments

Al Malaki Specialist Hospital (“MSH”)

https://www.almalakihospital.com/

Investment Date: August 2018
69.5%
Stake

Al Malaki Specialist Hospital (“MSH”)

Al Malaki Specialist Hospital (“MSH”) is a distinguished multi-specialty hospital in the Kingdom of Bahrain. Offering comprehensive and holistic care, the facility covers a spectrum of medical services, including ENT, obstetrics and gynecology, dermatology and cosmetology, physiotherapy, dentistry, gastroenterology, orthopedics, internal medicine, and pediatrics. Commencing its operations in March 2019 with an initial focus on maternity and pediatric care, MSH expanded its services in 2022 to cater to the entire family.

1

Hospital

32

Operational Beds

AED 166 MN

Amanat’s Investment

Investments

Cambridge Medical and Rehabilitation Center Real Estate – Abu Dhabi (“CMRC-RE”)

https://cmrc.com/

Investment Date: September 2021
100%
Stake

Cambridge Medical and Rehabilitation Center Real Estate – Abu Dhabi (“CMRC-RE”)

In September 2021, Amanat acquired the real estate assets of CMRC’s Abu Dhabi facility. The property encompasses 5,500 sqm of land and a built-up area of approximately 6,600 sqm, featuring two three-level building blocks. It is equipped with 106 licensed inpatient beds; rehabilitation facilities, which include 14 outpatient rooms; three gyms; and various other amenities.

As Amanat’s inaugural venture into healthcare real estate, this acquisition broadened the Company’s presence in the sector. This strategic investment plays a pivotal role in fortifying Amanat’s PAC platform and contributes to the growth of its diverse portfolio of companies. Amanat also benefits from a sustainable long-term lease arrangement, ensuring a consistent income and resilient yield.

106

Operational Beds

AED 53 MN

Amanat’s Investment

Divestments

International Medical Center (“IMC”)

https://www.imc.med.sa/

Investment Date: December 2016 , Divestment Date: September 2021
11.13%
Stake

International Medical Center (“IMC”)

International Medical Center (“IMC”) operates a 300-bed multi-disciplinary tertiary care hospital that serves Saudi Arabia’s Western Region and targets the high-end segment of the market. In July 2019, IMC completed the acquisition of a medical complex in North Jeddah, comprised of a primary care center with over 100 highly qualified doctors; a state-of-the-art radiology center; and a stand-alone day-care surgery center with four ORs.

AED 361 MN

Amanat’s Investment

AED 433 MN

Amanat’s Divestment

Our Diverse Portfolio

Investment: NEMA

Higher Education

Investment: BEGiN

Education Technology

Investment: CMRC Real Estate

Healthcare Real Estate

Investment: CMRC

Post-Acute Care & Rehabilitation

Investment: MDX

Higher Education

Investment: NLCS

Education Real Estate

Investment: Al Malaki Specialist Hospital

Specialist Care

Investment: Sukoon

Post-Acute Extended Care and Critical Care