Press releases, Reports & Disclosures for AMANAT HOLDINGS PJSC

The text refers to the unaudited interim condensed consolidated financial statements of Amanat Holdings PJSC as of 30th September 2023.

Amanat Holdings PJSC, a leading healthcare and education investment company, reported a 73% increase in net profit to AED 88.2 million for the nine months ended 30 September 2023. Revenue grew by 44% year-on-year to AED 495.0 million, driven by strong performance in the education platform, which saw a boost from the recently acquired Human Development Company and record student enrolments at Middlesex University Dubai. The healthcare platform also saw a 15% growth, driven by the acquisition of Sukoon. EBITDA increased by 65% year-on-year to AED 173.7 million. The company's balance sheet showed AED 560 million of cash at the end of the period, providing significant financial flexibility for growth opportunities.