Vision

Build successful, scalable and sustainable healthcare and education investment platforms in the MENA region and beyond.

Mission

To invest sustainably towards generating impact on society and creating value for our shareholders.

Values

Commitment

Empowerment

Partnership

Integrity

Ambition

Our Guiding Principles

Amanat’s strategic roadmap provides the business with a clear vision and action plan to deliver sustainable growth and increase total shareholder returns (TSR). Our strategy is based on a series of guiding principles aimed at generating value in both the short- and longer-term.

  • Invest in healthcare and education and establish specialized platforms
  • Establish majority positions in platforms with operational capability
  • Grow earnings and improve key return metrics
  • Deliver solid and sustainable returns to shareholders
  • Drive long-term change across chosen sectors

Explore Our Platforms

Target Operating Model

Amanat’s target operating model is centered on building platforms from which to drive new organic and inorganic growth. More specifically, the Company’s large-scale, integrated platforms provide a solid base from which to complete new acquisitions, develop larger and more attractive companies for monetization, and create incremental value leveraging economies of scale and potential synergy extraction. Moreover, Amanat’s platform approach enables the Company to effectively expand AUMs, raise capital and leverage head office costs.

healthcare

Special Education and Care

The Special Education and Care (“SEC”) sector strengthens both Amanat’s Healthcare and Education platforms by expanding their reach to cater for people of determination. The SEC sector remains nascent in the region with significant gaps in the quality of service and access for people in need. These factors, along with increasing awareness, earlier diagnosis, and reduced social stigmas, provide strong underlying growth drivers for the sector. Amanat aims to lead the development of the SEC sector in the region with the goal of enhancing quality and outcomes for this segment of the population while creating a lasting and meaningful social impact on the communities we operate in.

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.

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 services that have the ability to compete with those offered by other emerging markets.

enabling platforms

Venture Capital

Our Venture Capital Platform allows us to invest in rapidly growing education and healthcare technology players that are changing the provision of conventional academia and healthcare. We aim to develop and establish partnerships with leading international providers whose business models are transferrable to the region and integrated to derive value and create a source of accelerated development and competitive differentiation.

Social Infrastructure

Our Social Infrastructure Platform offers Amanat an opportunity to create a sizeable and diversified portfolio of real estate assets while providing sustainable long-term lease relationships for our portfolio companies.

education

Higher Education

In recent years, an increasingly conducive and supportive operating environment, coupled with the region’s solid demographic profile, has enabled the GCC’s higher education sector to be an attractive opportunity for regional and global investors. Higher education has generally shown a strong resiliency through the pandemic period, with some institutions enjoying a net benefit stemming from lower mobility coupled with willingness from students to seek additional degrees and take additional courses and credit hours. Government initiatives have been aimed at increasing quantity and quality of the higher education options available, fostering the development of the regional sector and limiting the need for outbound mobility. The UAE is rapidly strengthening its position as an international higher education hub, as testified by the material increase in international students witnessed in our higher education portfolio.

K-12

The demand for private investors in the K-12 sector in the region continues to grow as governments aim to increase private participation in education. This has been further reinforced by a young and growing population and an increasingly affluent middle-class looking to spend on high-quality education. With significant progress visible in countries such as the UAE, other regional economies, such as KSA, are stepping up their efforts with several transformative measures being implemented to grow the private sector’s participation in this space.

Special Education and Care

The Special Education and Care (“SEC”) sector strengthens both Amanat’s Healthcare and Education platforms by expanding their reach to cater for people of determination. The SEC sector remains nascent in the region with significant gaps in the quality of service and access for people in need. These factors, along with increasing awareness, earlier diagnosis, and reduced social stigmas, provide strong underlying growth drivers for the sector. Amanat aims to lead the development of the SEC sector in the region with the goal of enhancing quality and outcomes for this segment of the population while creating a lasting and meaningful social impact on the communities we operate in.

Venture Capital

Our Venture Capital Platform allows us to invest in rapidly growing education and healthcare technology players that are changing the provision of conventional academia and healthcare. We aim to develop and establish partnerships with leading international providers whose business models are transferrable to the region and integrated to derive value and create a source of accelerated development and competitive differentiation.

Social Infrastructure

Our Social Infrastructure Platform offers Amanat an opportunity to create a sizeable and diversified portfolio of real estate assets while providing sustainable long-term lease relationships for our portfolio companies.

The Amanat Value-Add

As an active investor, Amanat provides comprehensive and hands-on management for its investments, leveraging its knowledge and expertise to build them into market-leading operations. We approach value creation through our three-pronged approach covering corporate strategy, corporate finance and corporate governance.

Corporate Strategy

Amanat works closely with management teams across its portfolio to develop and implement organic and inorganic growth strategies. In parallel, the Company also focuses on enhancing operations, driving efficiencies and capitalizing on cross-asset integration whenever possible.

Corporate Strategy

Corporate Finance

As part of Amanat’s support with regards to corporate finance, the Company primarily works with platform companies to formulate efficient financial strategies comprising capital structure optimization and the support of funding requirements. For the Company, this also entails leading in the execution of opportunistic add-on and bolt-on acquisitions, joint ventures, and public-private partnerships (PPP).

Corporate Finance

Corporate Governance

Amanat views strong corporate governance frameworks as a key component in supporting a business long-term growth ambition. As such, the Company works closely with its investments to develop and implement sound decision-making frameworks and to establish best-in-class processes and policies across its assets.

Corporate Governance

Meet Our Team

Dr. Shamsheer Vayalil

Dr. Shamsheer is the Chairman of Amanat Holdings PJSC (“Amanat”).

Dr. Shamsheer Vayalil is a seasoned strategic investor with a comprehensive background in the healthcare sector. He has played a pivotal role in guiding two of his founded companies to public markets in Abu Dhabi in his entrepreneurial journey spanning over one-and-a-half decades. His expertise lies in recognizing market gaps and orchestrating the expansion of healthcare services to address them, solidifying his position as a leading investor in the largest healthcare companies in the MENA region and India.

Dr. Shamsheer has received numerous global and local accolades for his continuous pursuit of excellence in developing healthcare and entrepreneurship. He is the recipient of the Pravasi Bharatiya Samman Award, India’s highest civilian award presented to Non-Resident Indians. In addition to his corporate responsibilities, he remains committed to building capability and capacity in the UAE and serves as a member of the UAE Medical Council.

Qualifications: Dr. Shamsheer has completed his medical training at Kasturba Medical College, India, after which he received additional specialty training in radiology.

Period served as Chairman of the Company: Following his election at the Board of Directors meeting held on 28 December 2023.

Mr. Abdulla Mohammed Hassan Mohammed Alhosani

Mr. Abdulla is the Vice Chairman of Amanat Holdings PJSC (“Amanat”).

Mr. Abdulla Alhosani is a highly seasoned banking professional from the United Arab Emirates, boasting an impressive 30 years of experience in the industry.

Throughout his journey, Mr. Abdulla has consistently demonstrated exceptional expertise and leadership within the development of the banking industry, including retail banking, commercial banking, business research, and quality assurance, contributing to the growth and advancement of the UAE’s banking sector. Mr. Abdulla has held key leadership positions in renowned banking institutions across the UAE, including National Bank of Abu Dhabi, First Gulf Bank, Commercial Bank of Dubai, and Bank Of Oman / Mashreq Bank.

In addition to his achievements in the banking sector, Mr. Abdulla has played a notable part in growing Al Salem Company Ltd as an investment firm in the UAE market.

Mr. Abdulla currently sits on several boards, including Ajman Bank, Union Insurance Company, and Gulf Cement Company.

Qualifications: Mr. Abdullah holds a bachelor’s degree in accounting and economics from the UAE University in the United Arab Emirates.

Period served as a Board Member of the Company: Following his election at the General Assembly held on November 20, 2023.

Mr. Hamad Abdulla Alshamsi

Mr. Hamad is a Non-Executive Board Member at Amanat Holdings PJSC (“Amanat”)

Mr. Hamad Alshamsi is a UAE national businessman, he has a wealth of experience that spans more than two decades, overseeing several businesses across multiple disciplines, including financial services and investments.

Mr. Hamad was the CEO of a Private Investment Company specialized in investments and real estate development projects.

He also currently serves as a Board member of Dubai Islamic Bank and Americana. In addition, Mr. Hamad was the Chairman of the Board of Directors at ADX, IHC and Al Qudrah Holdings and Board Member at Etihad Airways, Abu Dhabi Securities Exchange, Finance House and Al Hilal Bank.

Qualifications: Mr. Hamad holds a Bachelor’s degree in Business Administration from UAE University and an MBA majoring in finance and banking.

Period served as a Board Member of the Company: Following his election at the General Assembly held on 16 November 2017.

Dr. Ali Saeed Bin Harmal Aldhaheri

Dr. Ali is a Non-Executive Board Member at Amanat Holdings PJSC (“Amanat”)

Dr. Ali Aldhaheri has over two decades of experience in business and a proven track record of success. Upon completing his MBA with distinction at the American University in Washington DC, Dr. Ali put his knowledge to work in founding, launching, and managing several successful business entities across a number of different sectors: IT, finance, education, tourism, and real estate. Recently, in keeping with his philosophy of continual learning, Dr. Ali completed his PhD at Durham University.

Dr. Ali has been involved at a senior level with government tourism and development strategies, MICE and education management, among others.

Dr. Ali currently holds a number of key positions, including Chairman and Founder of Abu Dhabi University, CEO of Nema Holding Company, Managing Director of Bin Harmal Group, Chairman of Liwa Education, and Chairman of Magna Investments.

Dr. Ali serves on various boards and committees, including Al Ramz Corporation, the Economic Cooperation Committee for Government and Private Sectors Abu Dhabi, Mohamed Bin Zayed University for Humanities, and Sandooq al Watan. He also serves as the First Vice Chairman of the Abu Dhabi Chamber of Commerce’s Board of Directors.

Qualifications: Dr. Ali holds an MBA with distinction from the American University in Washington DC and a PhD from Durham University.

Period served as a Board Member of the Company: Following his election at the General Assembly held on 15 November 2020.

Mrs. Sara Khalil Nooruddin

Mrs. Sara is a Non-Executive Board Member at Amanat Holdings PJSC (“Amanat”)

Mrs. Sara Nooruddin is the Head of Private Investments at Osool Asset Management, where she has multiple years of experience in private investing and is responsible for sourcing, evaluating, and monitoring fund managers and investment opportunities globally. Osool is the investment arm of the Social Insurance Organization and the Military Pension Fund in Bahrain. She covers multiple asset classes, namely private equity, real estate, infrastructure and private debt. She has been with Osool since 2013. Prior to joining Osool, Ms. Nooruddin was a private equity analyst at Gulf International Bank (GIB).

Mrs. Sara currently serves on the Board of a London-based real estate company, Aegila Capital Management and the Al Malaki Specialist Hospital in Bahrain. She previously served on the Board of the Gulf Medical and Diabetes Center.

Qualifications: Mrs. Sara holds a BBA with a specialization in finance from George Washington University, USA and is a certified Chartered Financial Analyst (CFA).

Period served as a Board Member of the Company: Following her election at the General Assembly held on 8 August 2019.

Mr. Dhafer Sahmi Al Ahbabi

Mr. Dhafer is a Non-Executive Board Member at Amanat Holdings PJSC (“Amanat”)

Mr. Dhafer Al Ahbabi is an accomplished executive, investor, and entrepreneur with over two decades of experience in managing investments. By capitalizing on his sharp business acumen, technical expertise, interpersonal skills, and strategic mindset, among other attributes, Mr. Dhafer was instrumental in penetrating new markets and achieving unprecedented growth for the companies he has previously founded and managed.

Mr. Dhafer is Chairman of Al Ramz Corporation PJSC. His previous appointments include a leadership position at Abu Dhabi Investment Authority; acting as a Board Member at First Gulf Bank, Abu Dhabi Islamic Bank, Invest Bank, and Al Wathba Insurance; and as the founder as well as a Board Member at Aabar Investments and Abu Dhabi University Holding Group.

Qualifications: Mr. Dhafer holds a bachelor’s degree in Economics from Al Ain University in the United Arab Emirates.

 Period served as a Board Member of the Company: Following his election at the General Assembly held on 15 November 2020.

Mr. Omran Mohammed Saleh Mahmood Husain Alkhoori

Mr Omran is a Non-Executive Board Member at Amanat Holdings PJSC (“Amanat”)

Mr. Omran Alkhoori currently holds the position of Board Member and President – Business Development at Burjeel Holding Group. He has more than 15 years of experience in the healthcare sector and the oil and gas industry. He has also held key positions in the field of marketing and business development, including Customer Service Manager. And chief contracts officer at ADCO.

Mr. Omran is also Chairman of the Board of Directors of Keita Foods Company and a member of the Board of Directors of the local Al Mariah Bank.

Qualifications: Mr. Omran holds a Bachelor’s degree in Business Administration and a Diploma in Science from Suffolk University – Boston – USA.

Period served as a Board Member of the Company: Following his election at the General Assembly held on 20 November 2023.

John Ireland

John is the Acting Chief Executive Officer and Chief Financial Officer at Amanat Holding PJSC (“Amanat”). Prior to joining Amanat, John held senior finance, strategy, and business development roles across a variety of industries including real estate, media, and entertainment.

John previously was the CFO of several listed and private organizations in the region and internationally.

John holds a Bachelor of Arts in business management from the University of Exeter and is a Qualified Chartered Accountant.

Fadi Habib

Fadi currently holds the position of Head of Investments at Amanat.

Since joining Amanat in April 2015, Fadi has been instrumental in executing the Company’s mandate through evaluating investment opportunities and leading strategic initiatives at portfolio companies. He joined Amanat from Scotiabank Global Banking & Markets in Toronto, where he served as Senior Associate in Equity Research, covering publicly listed Canadian banks and insurance companies, the largest sector on the Toronto Stock Exchange with well over USD 300 bn in market cap.

In the role, Fadi was a key member of one of Canada’s top-rated research teams renowned for the publication of actionable and market-moving investment recommendations. Prior to that, Fadi held roles in Corporate Banking and Asset Management at some of Canada’s top financial institutions.

Fadi is a CFA charter holder and holds a BSc in Engineering with Honors from Queen’s University in Canada and an MBA from McMaster University in Canada.

Abdulrahman Al Suwaidi

Abdulrahman is the Investor Relations Director of Amanat.

Abdulrahman brings over 10 years of extensive diversified experience in capital markets and formation, investor relations and business development. Until recently he worked with Dubai Holding as a Director of Investment and Portfolio Management where he was leading the capital formation function.

Prior to joining Dubai Holding and DXB Entertainments, Abdulrahman was part of the Investment and Business development team of Dubai Financial Market (DFM) in business development , where he was involved in creating a stakeholder engagement platform that resulted in various new listings and initial public offerings during 2013-2015.

Abdulrahman holds a Bachelor Degree in International Business from the University of Colorado in the United States.

Nadim Salha

Nadim is an Investment Director at Amanat, covering Private Equity and Venture Capital Investments. He has overall 18 years of professional experience in the investment scene across the MENA & GCC regions.

Before joining Amanat, Nadim was Head of Investment at TAMM Investments, a privately owned investment group with a well-diversified portfolio of holdings across the GCC. Prior to that, Nadim was a Principal at B&Y Venture Partners, a Venture Capital firm investing in technology start-ups on a global level. Nadim has also worked in the Investment Banking department of Audi Capital – Bank Audi Group, where he was involved in the execution of numerous mergers and acquisitions as well as fund-raising transactions in the MENA region. In his early professional years, Nadim worked for PwC and Deloitte.

Nadim holds an MBA from INSEAD Business School, France, and a bachelor’s degree in Business Administration from the St. Joseph University of Beirut, Lebanon.

Simone Rocco

Simone is part of the Investment Team, focusing on both new acquisitions as well as management of portfolio companies. Prior to joining Amanat in June 2019, Simone was part of the MENA investment banking team of Barclays in Dubai, working on multiple transactions across M&A, ECM, DCM and Leveraged Finance. Prior to that, he worked for UBS Investment Bank in London and for Vitale&Co., an independent financial advisory boutique firm based in Milan. He holds a MSc in International Finance from HEC Paris and a BSc in Economics and Finance from Bocconi University.

Jad El Hajj

Jad is part of the Investment Team, focusing on both new acquisitions as well as management of the current portfolio companies. Prior to joining Amanat in October 2021, Jad was part of the Investment Banking team at Bemo Securitization SAL (the investment banking arm of Banque BEMO), working on multiple transactions across M&A, Private Corporate Debt, Fiduciary Lending and Asset-backed Securitization Funds. He holds a BSc in Physics from the American University of Beirut.

Matthew Siddle

Mathew is part of the Investment Team; before joining Amanat, he worked with Mizuho Gulf Capital Partners in private equity in the consumer goods, retail, and logistics sectors and was actively involved in portfolio management.
Prior to that, he worked at Citigroup in London as an investment banking associate, where he was involved in deals across the TMT sectors. Matthew started his career working in assurance at EY in London.
Matthew is a qualified Chartered Accountant and holds a Bachelor of Science in Accounting and Finance from the University of Bath in the United Kingdom.

Grigor Papazyan

Grigor is part of the Investment Team; before joining Amanat, he worked at VTB Capital, a leading investment banking group in Eastern Europe, where he worked on valuations, commercial due diligences, and investment strategies on multiple transactions across M&A, ECM, and leveraged finance.
Prior to that, he worked for EAC Partners, an independent financial advisory boutique firm based in Sydney, Australia.
Grigor holds an MSc in Finance from the University of New South Wales in Sydney, Australia, and a BSc in Business Administration from MGIMO University in Moscow, Russia.

Strategic Milestones

2022

  • December 2022

    Amanat announces the creation of the largest pan-GCC post-acute care provider by acquiring a majority stake in Sukoon through a merger with CMRC

  • October 2022

    Amanat acquires a 60% stake in Human Development Company for SAR 220.3 million

  • March 2022

    Amanat’s shareholders approved distribution of 6 fils per share cash dividend at the company’s Annual General Meeting

2021

  • February 2021

    Amanat acquires Cambridge Medical and Rehabilitation Center for AED 873 MN

  • April 2021

    Amanat divests its stake 21.7% in Taaleem Holdings for AED 350 MN

  • September 2021

    Amanat acquires Cambridge Medical and Rehabilitation Center Abu Dhabi Real Estate for AED 53 MNAmanat divests its remaining 13.13% stake in International Medical Center for AED 433 MN

2020

  • February 2020

    Amanat’s shareholders approved distribution of 2.2 fils per share cash dividend at the company’s Annual General Meeting

  • October 2020

    Amanat acquired a c.2% stake in BEGiN a US-based EdTech Company for AED 18.6 MN

2019

  • March 2019

    Amanat shareholders approved 1.5 fils per share dividend at company’s Annual General Meeting

  • July 2019

    Amanat led bolt-on acquisition for 3 medical clinics in Jeddah for IMC

  • October 2019

    Amanat to invest an additional AED 33 MN in the NLCS expansion to increase its student capacity

2018

  • March 2018

    Amanat concluded the acquisition of 35% in Abu Dhabi University Holding Company for AED 329.7 MNAmanat shareholders approved 1.73% dividend at company’s Annual General Meeting

  • June 2018

    Amanat acquired the real estate assets of North London Collegiate School Dubai for AED 375 MN

  • August 2018

    Amanat acquired a 100% stake in Middlesex University DXB for a consideration of AED 419 MNAmanat acquired a 69.3% stake in the Royal Hospital for Women & Children in Bahrain for AED 142.1 MN

2017

  • January 2017

    Amanat completed the acquisition of a 13.18% stake in International Medical Center for AED 360 MN

  • April 2017

    Amanat shareholders approved 1.5% dividend at company’s Annual General Meeting

  • December 2017

    Amanat increased its stake in Taaleem Holdings PSC to 21.7%

2016

  • February 2016

    Amanat invested a further AED 16.3 MN in Sukoon through a capital increase

  • April 2016

    Amanat acquired 16.34% in Taaleem Holdings PSC for AED 145.8 MNAmanat shareholders approved 1.5% dividend at company’s first Annual General Meeting

2015

  • May 2015

    Amanat acquired 4.14% stake in Al Noor Hospitals Group

  • August 2015

    Amanat acquired 35% stake in Sukoon International Holding Company CJSC

  • December 2015

    Amanat sold stake in Al Noor Hospitals Group

2014

  • Established and listed on the Dubai Financial Market (DFM) in November 2014 with a paid-up capital of AED 2.5 billion