Amanat Holdings PJSC (" Amanat"), the GCC's largest healthcare and also education investment company, today revealed it has actually acquired a majority stake of 69.3% in the Royal Hospital for Female in Bahrain for AED 141.7 million. The purchase is in line with Amanat's investment criteria to acquire premium quality properties where it could produce long-lasting sustainable value. It takes Amanat's complete financial investments in leading properties to AED 2 billion, composed of three education and learning possessions, three medical care possessions as well as one social infrastructure property representing 46%, 35% and 19% of its total invested capital respectively.
The Royal Hospital for Female will be a medical center of quality focusing on the requirements of womens and also youngsters with a large range of scientific solutions, including obstetrics, aided perception, pre-natal and post-natal treatment and gynecology. The Royal Hospital for Women will also include an emergency monitoring unit and also the only Neonatal Intensive Care Unit (" NICU") amongst Bahrain's private hospitals.
Mr. Hamad Abdulla Alshamsi, Chairman of Amanat, said: "We are excited about this procurement as well as its development potential, underpinned by the beneficial macroeconomic atmosphere, the boosted healthcare coverage in the Kingdom of Bahrain, the rise of private medical care coverage as well as the one-of-a-kind and specific service offering of the Royal Hospital for Women.
This notes our seventh investment in overall as well as our third healthcare financial investment considering that the establishment of Amanat. It strengthens our dedication to the area and our approach to acquire bulk or considerable minority stakes in a purpose to play a much more active and also collective duty in our profile business. We have straightened ourselves with really strong tactical partners and also expect interacting to drive growth and also produce a heritage with the hospital."
Dr. Shamsheer Vayalil, Vice Chairman and Managing Director of Amanat, said: “The acquisition of a majority stake in the Royal Hospital for Women in Bahrain marks another significant milestone for Amanat in the successful deployment of its paid-up capital.
Following its launch, the Royal Health Center for Women in Bahrain is poised to run as a world-class health center with a vision to provide a remarkable client experience and superior scientific care for ladies as well as children. We anticipate sustaining the health center in its shipment of relied on and also valued care to patients and also think that provided our proficiency we remain in a solid setting to lead a wide range of initiatives and play an active function in driving the success of this tale together with the various other tactical companions. This financial investment opportunity is anticipated to provide exceptional returns and also proliferate, specifically in its earlier years of procedures."
Building on the firm’s strengths, Amanat is focused on investment possibilities in the medical care and education markets in the GCC and past. Amanat's technique is to play an active duty via getting substantial minority or bulk stakes in market leaders with the objective of providing greater value for its shareholders and also profile companies alike.
With the completion of this investment, Amanat's total deployment has reached 79% of its AED 2.5 billion paid-up capital in leading businesses. Amanat’s other investments include Middlesex University Dubai, Abu Dhabi University Holding Company, Taaleem Holdings, North London Collegiate School, International Medical Company (IMC) and Sukoon International Holding CJSC.