UAE – A company in Abu Dhabi is negotiating to buy a stake in Amanat – the economic – the local market

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(MENAFN – Al-Bayan) Date:
May 15, 2020 According to informed sources, Bloomberg News reported that a company in Abu Dhabi is currently engaged in a round of discussions to buy a stake in Amanat Holding Company, known for its investments in the health and education sectors.

The agency stated that the company’s discussions, whose name has not been released, are still at an early stage.

The market value of “Amanat Holding Company” is about 1.9 billion dirhams.

The shareholders of the company had agreed, at the end of last April, to transfer the listing of its shares from the Dubai Stock Exchange to the Abu Dhabi Stock Exchange, which led to an increase in the Abu Dhabi Stock Exchange index, as its gains during the current month reached 5.6%.

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