AMANAT HOLDINGS PJSC

Amanat Holdings PJSC reported a 15% increase in revenue from continuing operations in the first nine months of 2025, reaching AED 622.1 million. This growth was driven by a 24% increase in revenue from its Education sector and a 6% increase in Healthcare. EBITDA rose by 49% to AED 260.9 million, largely due to the divestment of NLCS real estate. Profit from continuing operations increased by 73% to AED 164.7 million. The company saw a 22% rise in student and beneficiary numbers and increased its bed capacity to 715. Amanat successfully divested NLCS real estate, realizing AED 453 million in cash proceeds. The Education business, Almasar Alshamil Education, announced its IPO plans, with significant oversubscription, projecting a market capitalization of SAR 1,997 million. Amanat held AED 568.0 million in cash at the end of the period and plans to evaluate a capital allocation strategy. Education saw a 22% increase in students and beneficiaries, and Healthcare expanded its total capacity to 715 beds, with significant revenue and EBITDA growth.

Amanat Holdings PJSC has released its unaudited interim condensed consolidated financial statements for the period ending on September 30, 2025.

On 2 November 2025, Hamed Ahmed Ali, CEO of the Dubai Financial Market, announced the successful completion of the institutional book-building process for the IPO of 30% of Amanat Holdings PJSC's wholly-owned indirect subsidiary, Almasar Alshamil Education Company, on the Tadawul. The IPO was oversubscribed by 102.9 times. The final offer price was set at SAR 19.5 per share, leading to a total offering size of SAR 599 million and a market capitalization of SAR 1,997 million at listing. The offering period for individual subscribers is scheduled from 18 to 20 November 2025. All net proceeds from the offering will be paid to the selling shareholder and ultimately to the company. Further details can be found at https://masareducation.com/IPO.

On November 3, 2025, Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, announced the IPO price range for Amanat Holdings PJSC's subsidiary, Almasar Alshamil Education Company. The company plans to float 30% of its shares on the Saudi stock market, Tadawul, with a price range set between SAR 18.5 and SAR 19.5 per share. This implies a potential offering size between SAR 568 million and SAR 599 million, and a market capitalization at listing between SAR 1,894 million and SAR 1,997 million. The net proceeds from the offering will go to the selling shareholder and ultimately to the company. The IPO is a significant step in Amanat Holdings' strategy to invest, unlock value, and accelerate growth, focusing on generating shareholder value through monetizing mature assets and reinvesting in growth opportunities in education and healthcare. This follows the successful divestment of North London Collegiate School's real estate assets in August 2025, which generated AED 453 million. The Board of Directors plans to evaluate and recommend a capital allocation plan for the IPO and real estate proceeds, balancing cash returns to shareholders with reinvestment into opportunities that support the company's mission of creating long-term, sustainable value.

Amanat Holdings PJSC, through its wholly-owned subsidiary Almasar Alshamil Education Company in Saudi Arabia, announced plans for an initial public offering (IPO) of Almasar on the Tadawul Exchange. Initially disclosed on July 17, 2024, the plan to list the Amanat Education platform was contingent upon regulatory approval and market conditions. On September 29, 2025, Almasar received approval from the Saudi Capital Market Authority to list 30% of its shares on the exchange. Subsequently, on October 26, 2025, Almasar confirmed its intention to proceed with the IPO by selling 30,720,400 ordinary shares, representing 30% of its total shares, and registering all of the company’s shares on the Tadawul Exchange. Further details can be found on their website.

On 17 October 2025, Amanat Holdings PJSC issued a Board of Directors Resolution by circulation, approving the renewal of a related party transaction with Al Ramz Capital. This renewal, which maintains the same terms as those disclosed on 17 July 2024, involves the provision of liquidity provider services and is valid until 18 October 2026, with an option for automatic renewal. The resolution also covers other ordinary business matters. The notification was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, with a copy sent to the Securities and Commodities Authority.

On 14 October 2025, a notification was sent to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, by Amanat Holdings PJSC. The letter informed him that the company's Board of Directors would consider a resolution by circulation on 17 October 2025. This resolution pertains to the renewal of a related party transaction with the existing liquidity services provider, maintaining the same terms as previously disclosed on 17 July 2024. The board will also address administrative and other business matters. The communication was signed by Tessa Lee and a copy was sent to the Securities and Commodities Authority.

Amanat Holdings announced that its subsidiary, Almasar Alshamil Education, has received approval from the Saudi Capital Market Authority for an initial public offering (IPO) on the Saudi Exchange. The IPO will involve 30% of Almasar Education's share capital, amounting to 30,720,400 shares. Almasar Education is a leading provider of specialist education in the GCC, focusing on Special Education Needs and higher education, and serves over 23,000 students. The company reported a 23% year-on-year revenue growth for the first half of 2025 and plans to expand its services in special education and higher education sectors. Further details will be available in the offering prospectus. The announcement specifies that the information is not for distribution in certain jurisdictions, including the United States and Canada, and does not constitute a sales offer.