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Amanat intends to invest AED 1 billion in KSA, UAE and Egypt

Amanat intends to invest AED 1 billion in KSA, UAE and Egypt

Amanat’s CEO, Mohamed Hamada, stated that it expects to enter Saudi Arabia, the UAE, and Egypt in the next year with a bigger presence.

In his interview with Al Arabiya, he said that the firm can give one billion dirhams of cash, of which there are now 700 million dirhams accessible and that the remaining money is provided from the banks to extend the existing platforms and reinforce them.

Hamadeh stated that the exit is a strategic exit in line with the company’s strategy to exit from minority stakes to enter into more influential stakes.

He stated the company is present in Saudi Arabia via the Cambridge Medical Center and Skoun Healthcare and that these two companies offer a foundation for long-term healthcare investments.

Hamadeh explained that the company is considering acquiring investment platforms in the health and education sectors with controlling stakes.

In addition to the Royal Women and children’s Hospital in Bahrain, which is the company’s specialized platform for healthcare’s, children, and fertility, he pointed out that the Cambridge platform is the largest health platform in the region and includes about 500 beds in Abu Dhabi, Al Ain, Dammam, and Djeddah.

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