March 15, 2023
15 March 2023 | Dubai | Amanat Holdings PJSC today announces the resignation of its Chief Executive Officer, Dr. Mohamad Hamade to pursue other interests. In his six years at Amanat, first as Chief Investment Officer and recently as Chief Executive Officer, Dr. Mohamad has been instrumental in driving the Company’s strategic vision by establishing market leading platforms in the Company’s chosen sectors, concluding 15 transactions, implementing clear growth plans to realise shareholder value and delivering a substantial increase in profitability.
Amanat’s Chairman Hamad Al-Shamsi commented: “On behalf of the Board of Directors I would like to extend our sincere gratitude to Dr. Mohamad. During Dr. Mohamad’s tenure Amanat has successfully defined and implemented its strategic vision, delivering record financial results with cumulative net profit approaching AED 400 million in the last two years, whilst positioning our portfolio of market leading assets for growth that will deliver sustained value to our shareholders. On a personal level it has been my pleasure to work closely with Dr. Mohamad and I thank him for his contribution and wish him all the best in his future endeavours.”
John Ireland, currently Chief Financial Officer will assume the additional role of acting Chief Executive Officer with Dr. Mohamad assuming a strategic advisory role during the transition period.
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About Amanat Holdings PJSC
Amanat Holdings PJSC is the region’s largest integrated healthcare and education investment company with paid-up capital of AED 2.5 billion. Listed on the Dubai Financial Market (DFM) since 2014, Amanat’s mandate is to establish, acquire and integrate companies in the healthcare and education sectors, and develop, manage, and operate these companies within the MENA region and beyond.
Amanat’s healthcare platform includes Cambridge Medical and Rehabilitation Center (CMRC), a leading post-acute care and rehabilitation provider in the UAE and KSA; Sukoon, a leading provider of long-term and post-acute care services ranging from extended critical care and home care medical services in Jeddah, Saudi Arabia, Al-Malaki Specialist Hospital, a world-class specialist hospital located in the Kingdom of Bahrain, and the real estate assets of Cambridge Medical and Rehabilitation Center in Abu Dhabi, UAE.
Amanat’s education platform includes NEMA Holding, a leading provider of higher education in the UAE, Middlesex University Dubai, the first overseas campus of the internationally renowned Middlesex University in London, Human Development Company the leading provider of special education and care services covering educational, medical, and rehabilitation services in KSA, a small stake in BEGiN, a US-based award-winning education technology company, and the real estate assets of the North London Collegiate School in Dubai, UAE.