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  • 27-09-21

    Dubai’s Amanat completes sale of its minority 13.13 percent share in Jeddah IMC hospital

    (MENAFN)Dubai-based investment firm Amanat Holdings has done the sale of its minority 13.13 percent share in Jeddah hospital International Medical Center (IMC) for SR443 million (USD118 million).

    The deal was completed through the Saudi Healthcare and Education fund that is indirectly owned by Amanat through its subsidiaries.

    According to Amanat, the divestment led to a cash return of 100 million dirhams, and is estimated to mark an increase of 40 million dirhams.

    Hamad Alshamsi, Amanat chairman further declared that “IMC has a unique market position in Saudi Arabia and is a reputable provider of quality healthcare. We invested through the Fund in IMC nearly five years ago, with a different vision to obtain exposure across recognized assets through minority stakes.”

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