Amanat Holdings PJSC, the leading healthcare and education listed investment company, has witnessed a significant surge in its share price, driven by a series of positive developments, most notably the listing of its education arm, Almasar Alshamil Education, which has sparked renewed investor interest.
The company’s stock surged to a seven-year high of Dhs1.33 on the Dubai Financial Market (DFM), with daily trading volumes peaking at over 20 million, compared to approximately 2 million in previous months. The spike in volumes was further amplified by two major block trades representing 13% of the company’s share base, totaling 330 million shares. These trades highlight the market's growing confidence in Amanat’s long-term growth prospects, say company officials.
Amanat’s positive momentum comes on the back of the highly successful IPO of Almasar Alshamil Education on Dec.2, 2025. The IPO was met with overwhelming demand, being oversubscribed by 103 times, with institutional investors placing bids worth SAR 62 billion.
The IPO raised approximately SAR 599 million and had an initial market capitalisation of SAR 1.997 billion and which rose to SAR 2.325 billion on the third day post listing, an increase of over 16% and a further sign of investor confidence in Almasar Alshamil Education.The listing marks a pivotal moment in Amanat's transformation. Over the past two years, the company has strategically realigned its portfolio, focusing on its market-leading healthcare and education businesses. This shift has been complemented by substantial asset monetisations, with the company realising over Dhs1 billion in proceeds in 2025 alone.
In the nine months to September 2025, the company posted a 15% year-on-year increase in revenue, reaching Dhs622.1 million and EBITDA from continuing operations surged by 49% to Dhs260.9 million, driven by strong organic growth and strategic asset sales.
Leadership transitions have also played a crucial role in driving Amanat’s transformation. Dr. Shamsheer Vayalil’s appointment as Chairman of Amanat Holdings has ushered in a period of strategic realignment.
His leadership has been pivotal in reshaping the company's vision, which has seen the sale of non-core assets, including the real estate holdings of North London Collegiate School for Dhs453 million. These moves are part of a broader focus on unlocking value through strategic monetisation, which has strengthened the company's cash position and improved its financial performance.
The successful Almasar Alshamil Education IPO is part of Amanat's broader strategy to unlock value through monetisation. The strong institutional interest in the education business, coupled with the rise in share price, reflects the broader confidence in Amanat's diverse portfolio of healthcare and education assets.
With over Dhs2.1 billion realised in asset monetisation since its inception, Amanat is aiming to continue its growth trajectory. The company’s strategic focus on high-growth sectors has sparked renewed optimism among investors, reinforcing Amanat’s reputation as a major player in the region’s healthcare and education sectors. The company is also evaluating new growth opportunities, leveraging the fresh capital from its recent IPOs and monetisations to fuel expansion in key markets across the GCC.