Press releases, Reports & Disclosures for AMANAT HOLDINGS PJSC

Amanat Holdings PJSC has completed the sale of its education real estate asset for AED 453 million, generating a net cash return of AED 294 million. The asset, which includes the real estate of North London Collegiate School, was originally acquired in June 2018 for AED 360 million, with an additional AED 33 million invested in capital expansion. This sale reflects Amanat's strategy of investing in high-potential assets, growing them, and monetizing them at the right time to benefit shareholders and reinvest in attractive opportunities. The transaction delivered a cash-on-cash multiple of 1.7x and an internal rate of return of 10%. Amanat's Chairman, Dr. Shamsheer Vayalil, emphasized the company's focus on unlocking value and generating superior returns for shareholders. CEO John Ireland highlighted the sale as evidence of Amanat's successful investment model and its positive impact on the company's balance sheet and strategic flexibility.