Amanat Holdings to Launch IPO for Education Subsidiary
The offering will be subject to market conditions and the necessary regulatory approvals.
Dubai-listed Amanat Holdings has announced plans to launch an initial public offering (IPO) for its education subsidiary, Amanat Education, which owns Middlesex University Dubai.[1]
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Amanat, an investment company focused on healthcare and education, will appoint advisers for its anticipated IPO. The offering will be subject to market conditions and the necessary regulatory approvals.
Earlier this month, IT services firm Alpha Data announced that it is planning to raise around $200 million through an IPO on the Abu Dhabi Securities Exchange (ADX) as soon as this year.
On May 9th, Dubai Financial Market (DFM) witnessed the listing of Spinneys. Spinneys' IPO attracted interest from international and regional institutional investors, as well as retail investors in the UAE, garnering approximately AED 71 billion ($19.33 billion) in orders.
The offering was oversubscribed 64 times, marking the highest level of demand and oversubscription for a non-government-related IPO on DFM in recent years. In response to this high demand, the UAE Retail Offering was increased from 5% to 7% of the total offered shares.