Amanat has completed acquisition of 100 percent stake in Middlesex University Dubai

The GCC’s greatest healthcare and education investment company, Amanat Holdings, has reported that it has finished the acquisition of 100 percent stake in Middlesex University Dubai.

The company mentioned in a statement that the contract was worth AED369 million with an extra potential earn-out of up to AED73 million. Founded in 2005, Middlesex University Dubai is the first overseas campus of the internationally renowned Middlesex University in London.

Middlesex University Dubai constitutes a diverse student body of around 3,000 students from approximately 100 nationalities and is licensed and regulated by the Dubai Government’s Knowledge and Human Development Authority (KHDA). Middlesex University Dubai provides foundation, undergraduate and postgraduate degree programs in Law, Business, Science and Technology, Art and Design, Health and Education, and Media.

With the completion of this investment, Amanat stated that it has built a diverse portfolio which incorporates three education assets in the UAE, two healthcare assets in Saudi Arabia and another real estate investment.

Chairman of Amanat, Hamad Abdulla Al Shamsi stated, “The acquisition of Middlesex University Dubai represents another milestone for Amanat, marking our sixth portfolio company.”

He even said, “We are confident of the value we can bring to Middlesex University Dubai, helping it build on its historic success of providing students with an enhanced learning experience and improved career prospects in an increasingly competitive world.” Middlesex University Dubai is Amanat’s third investment in 2018, with AED1.1 billion of capital deployed so far this year.

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