AMANAT HOLDINGS PJSC

Amanat Holdings has confirmed plans to proceed with an Initial Public Offering (IPO) of its Education Platform, as approved by its Board of Directors. The company has engaged IPO advisors, including SNB Capital. The IPO is contingent upon receiving regulatory approvals and favorable market conditions. Further details, such as the offering percentage and the final advisor consortium, will be shared once confirmed. The anticipated timeline for the IPO is within the next twelve months, subject to the necessary approvals and conditions. Amanat Holdings will continue to provide updates as the process develops.

According to Clauses 1 & 2 of Article 40 of the Corporate Governance Manual, shareholders are informed of the following: 1. Shareholders eligible to attend the general assembly may delegate someone other than company Board members, staff, or securities brokerage firm employees to attend and vote on their behalf with a written authorization. The agent cannot collectively own more than 5% of the company’s issued capital. Persons lacking legal capacity must be represented by their legal representatives. 2. The shareholder's signature on the power of attorney must be approved by one of the following: Notary Public, Commercial Chamber of Economic Department, Financial Markets licensed in the country, or any other licensed entity. The company must verify this. 3. The proxy form must include the shareholder’s and the brokerage firm representative’s contact details. This form is a guiding document, and the shareholder’s signature must be validated by one of the aforementioned parties. For further inquiries, contact +971 4 330 9999 or email investor.relations@amanat.com.

Amanat Holdings PJSC reported a 17% increase in revenue to AED 433 million for the first half of 2024, driven by a 26% rise in the Education sector. EBITDA grew by 1% to AED 154 million, or 8% on an adjusted basis, with Education up by 18% but offset by a decline in Healthcare due to a prior year one-time gain. Net profit before tax and zakat increased by 2% to AED 101 million, or 13% excluding the prior year's gain. The company maintains a significant cash balance of AED 480 million with low leverage. The board has approved an interim dividend of AED 75 million. Key operational highlights include the addition of over 3,000 students and beneficiaries in Education, and the opening of new centers by Human Development Company (HDC).

Amanat Holdings PJSC, a leading investment company in healthcare and education, reported a 21% year-on-year revenue growth to AED 224 million in Q1 2024, with EBITDA up 13% to AED 80 million. The strong performance of the Education and Healthcare platforms, which increased by 24% and 17% respectively, drove this growth. The company also reported a net profit before tax and Zakat of AED 53.6 million, up 18% year-on-year. Amanat has a significant cash balance of AED 634.1 million with low leverage, allowing for capital deployment on growth opportunities and return of capital to shareholders. The company is also exploring monetization options, including a potential regional IPO, for its Education platform.

The text represents a special power of attorney document. The shareholder(s) in Amanat Holdings appoints a representative to vote on their behalf at the general assembly meeting scheduled for Thursday, April 25, 2024, or any postponement thereof. The document includes spaces for the shareholder's number, contact details, date, and signature. It also has a section for the name and contact details of a representative from the brokerage company or the entity that approved the power of attorney.

The text presents the consolidated financial statements of Amanat Holdings PJSC as of 31st December 2023. For more details, one can visit their official website.