Amanat Holdings

What Amanat Holdings does

Amanat Holdings PJSC is a Dubai Financial Market-listed (ticker: AMANAT) investment holding company founded in 2014 with a paid-up capital of AED 2.5 billion, operating exclusively in the MENA healthcare and education sectors. The company executes a platform-building strategy, acquiring controlling or influential stakes in specialized providers and then scaling them through operational support, shared service partners, and add-on acquisitions. Its two core platforms are Cambridge Health Group, the largest pan-GCC post-acute care and rehabilitation network with 715 beds across six facilities in the UAE and Saudi Arabia holding JCI, CARF, CBAHI, and CAP accreditations, and Almasar Alshamil Education (listed on the Saudi Exchange since December 2025), which comprises Middlesex University Dubai, NEMA Holding, and Human Development Company, collectively serving over 28,000 students and beneficiaries across higher education and special education.

Amanat generates revenue through dividend and contribution income from portfolio companies, finance lease income from healthcare and education real estate held within its Social Infrastructure Platform, and capital gains from strategic divestments such as Taaleem Holdings (AED 350 million exit, 2.2x MoM, 21% IRR) and International Medical Center KSA (SAR 443 million exit at ~15x EV/EBITDA). Recent financials are strong: Q1 2026 revenue reached AED 298.5 million (+24% YoY), EBITDA AED 106.5 million (+27% YoY), and profit AED 72.9 million (+44% YoY), with cash and bank balances of AED 1,394.5 million and over AED 1 billion available for deployment. The company maintains an institutional investor-relations posture with quarterly disclosures and a dedicated IR mobile application, while a newly listed Nasdaq SPAC (Amanat Acquisition Corp) extends its capital-raising footprint for healthcare M&A.

Name

Amanat Holdings

Legal name

Amanat Holdings PJSC

Website

https://amanat.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Amanat Holdings PJSC is a Dubai-listed investment holding company that builds and scales specialized healthcare and education platforms in the MENA region, anchored by Cambridge Health Group (715 post-acute care beds) and Almasar Alshamil Education (28,000+ students across higher and special education).

Ownership category

akta.pro rank

Product category

Investment Holding - Healthcare and Education

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Computer Systems Design and Related Services (54151)

SIC

Investment Advice (6282), Services-Engineering, Accounting, Research, Management (8700), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)

akta.pro secondary industries

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ), Lifestyle, Concierge & Personal Services Management (FSAAADAJ)

Keywords

• Healthcare investment
• Education investment
• Post-acute care
• Investment holding
• Rehabilitation services

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Healthcare Platform Income: Amanat generates income from its healthcare platform through dividend and fee income from subsidiary and associate investments in post-acute care, rehabilitation, and long-term care operators including Cambridge Health Group (CHG) and Sukoon. Revenue is also derived from finance lease income on healthcare real estate assets such as the CMRC Abu Dhabi facility.
2. Education Platform Income: Income from the education platform includes dividend and contribution income from higher education institutions (NEMA Holding, Middlesex University Dubai), special education and care providers (Human Development Company), and finance lease income from owned education real estate assets including North London Collegiate School (NLCS) in Dubai. Almasar Alshamil Education is listed on the Saudi Exchange since December 2025.
3. Portfolio Value Appreciation and Divestment Gains: Amanat realizes gains through strategic exits and monetizations of portfolio stakes. Notable exits include Taaleem Holdings (AED 350 million, MoM 2.2x, IRR 21%) and International Medical Center KSA (SAR 443 million, ~15x EV/EBITDA), delivering significant returns and enabling capital recycling for new investments.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Amanat Holdings is a publicly listed investment holding company on the Dubai Financial Market that acquires, builds, and operates specialized platforms in healthcare and education across the MENA region. Through its healthcare platform (Cambridge Health Group) it delivers post-acute care, rehabilitation, and long-term care across 715 beds in six facilities in UAE and Saudi Arabia; through its education platform (Almasar Alshamil Education, Middlesex University Dubai, NEMA Holding, Human Development Company) it delivers higher education, vocational training, and special education services to over 28,000 students and beneficiaries. Supporting enabling platforms include a Social Infrastructure Platform for real estate and a Venture Capital Platform for healthcare and edtech investments.

Product overview

Amanat Holdings is the GCC's leading listed healthcare and education investment company operating a platform-based model across two core sectors. Its healthcare platform centers on Cambridge Health Group (CHG), a 715-bed post-acute care and rehabilitation network with facilities across the UAE and Saudi Arabia, including hospitals in Khobar, Jeddah, Dhahran, Abu Dhabi, and Al Ain. The education platform comprises Almasar Alshamil Education (listed on the Saudi Exchange), which encompasses Middlesex University Dubai (MDX), NEMA Holding, and Human Development Company (HDC), collectively serving over 28,000 students across higher education and special education segments. The company also operates enabling platforms including a Social Infrastructure Platform (real estate assets) and a Venture Capital Platform (investing in healthcare and education technology).

Differentiator

Problem solved

Functional benefit

Brands

• Cambridge Health Group: Post-acute care and rehabilitation network operating 715 beds across 6 facilities in UAE and Saudi Arabia
• Almasar Education
• Venture Capital Platform
• Social Infrastructure Platform

Products and services

• Cambridge Health Group (CHG) Post-acute care and rehabilitation provider operating 715 licensed beds across six facilities in the UAE and Saudi Arabia, offering long-term care, intensive rehabilitation, and specialized services for patients recovering from strokes, brain/spinal cord injuries, cerebral palsy, surgery, and chronic illness. Services are delivered to patients referred from acute-care hospitals across UAE and KSA.
• Middlesex University Dubai (MDX) The first overseas campus of Middlesex University London, offering UK-validated undergraduate and postgraduate degree programs to approximately 7,200 students across two campuses in Dubai. Targets students seeking internationally recognized credentials in the GCC.
• NEMA Holding The largest private higher education institution in Abu Dhabi with campuses in Abu Dhabi, Al Ain, and Dubai, serving over 13,700 students across higher education, vocational training, and corporate training programs. Targets students and corporate training buyers in the UAE.
• Human Development Company (HDC) The leading provider of special education and care services in Saudi Arabia, covering educational, medical, and rehabilitation services through 15 schools and 41 daycare centers across six provinces, serving approximately 7,700 beneficiaries. Targets families and government stakeholders seeking special education services in KSA.
• Almasar Alshamil Education Amanat's listed education investment vehicle encompassing Middlesex University Dubai, Human Development Company, and NEMA Holding, providing diversified exposure across higher education and special education segments serving over 28,000 students and beneficiaries.
• Social Infrastructure Platform A platform that creates a diversified portfolio of social infrastructure and real estate assets (healthcare and education facilities) and provides sustainable long-term lease relationships for Amanat's portfolio companies. Targets internal portfolio companies as primary lessees.
• Venture Capital Platform

Quantifiable outcome

• Q1 2026 revenue of AED 298.5 million, up 24% YoY; EBITDA of AED 106.5 million, up 27% YoY; Profit of AED 72.9 million, up 44% YoY.
• +4 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Mada International HoldingcoreStrategic or Co-development Partner · 11 September 2023Amanat Holdings and Mada International Holding partnered on Post-Acute Care PPP (Public-Private Partnership) projects in Saudi Arabia. The partnership aims to develop healthcare service line integration where post-acute care services and other synergistic services are provided to address market demand through systematic long-term relationships offering cost-effective synergies. The partnership leverages Mada International Holding's local expertise and Amanat's capital and operational platform capabilities.

Scale indicators11 records

Recent moves5 records

Expansion highlights5 records

Regional players

• National Medical Care Company:

Direct peers

• Burjeel Holdings: Large Abu Dhabi-listed integrated healthcare operator with hospitals, clinics, and diagnostics across the UAE and KSA. Closest comparable operating business to Cambridge Health Group, with significant overlap in patient profile, geographies, and post-acute/specialty positioning. Board member Omran Al Khoori sits on both companies.
• Aldar Education / Aldar Academies: UAE-based K-12 and higher education operator owned by Aldar Properties. Compares to Amanat's education platform as a UAE-headquartered, GCC-focused education provider serving similar expat and local family demographics, although Amanat skews higher education and special needs.
• Response Plus Holding: Abu Dhabi-listed provider of integrated healthcare services including onsite medical support, occupational health, and emergency care across the GCC. Compares to Amanat as a UAE-listed healthcare services platform with KSA expansion, also connected via Board member Omran Al Khoori.

Broad incumbents

• Mumtalakat Holding Company: Bahrain's sovereign-backed diversified investment holding company with healthcare, education, and other sector exposures. Closest comparable listed GCC investment holding peer in scale and strategy, though broader and less healthcare/education focused than Amanat.
• Dr. Sulaiman Al Habib Medical Services Group: Largest Saudi-listed private hospital operator with multi-specialty facilities across KSA and the UAE. Comparable as a publicly listed GCC healthcare platform with strong revenue growth and expansion track record, competing for similar patient segments and clinical talent.
• Mouwasat Medical Services Company: Saudi-listed hospital operator running a network of multi-specialty facilities across KSA. Comparable as a GCC-listed, profitable healthcare operator with a similar capital allocation discipline and expansion profile, though focused on acute care rather than post-acute.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights1 record

Customer concentration

• LinkedInlinkedin.com/company/amanat-holdings
• Instagraminstagram.com/amanat
• Xx.com/amanatholdings

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amanat Holdings