18 April 2023 | Dubai | Amanat Holdings PJSC (“Amanat” or the “Company”), the leading healthcare and education listed investment company, confirms shareholder approval of a share buyback program for up to 5% of the company’s outstanding shares and a dividend distribution of AED 100 million for the full year 2022, which amounts to 4 fils per share or 88% of profit attributable to equity holders.

The share buyback program, which will be financed through existing cash reserves, will enable an optimized capital structure and enhance value creation. The buyback price per share will be set up to the current book value per share, representing a 19% premium over the ex-dividend market price at the close of trading on 17 April 2023.

Dividend of AED 100 million, amounting to 4 fils per share or 88% of profit for 2022

Launches share buyback program for up to 5% of outstanding shares

Reiterates strong growth and value creation opportunities

Amanat’s Chairman, Hamad Abdullah Alshamsi, said:

“Amanat’s share buyback program underscores our belief that Amanat’s shares are attractively priced and offer a compelling investment opportunity, highlighting our confidence in our business model and growth trajectory.”

“Concurrently, the doubling of our dividends from pre-2020 levels reflects our commitment to delivering value for our shareholders through a combination of growth and a higher dividend payout.”

“Going forward, we continue to see significant opportunities to leverage Amanat’s core capabilities in investment sourcing and platform development to unlock further growth and deliver additional value for our shareholders.” Alshamsi concluded.

Dividend History (AEDm / Yield)

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