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Amanat IPO subscription period opens today

The highly anticipated Initial Public Offering (IPO) of Amanat Holdings (Amanat), a public joint stock company under incorporation, opens today, with the Prospectus now available for download at www.amanat.ae. With a total capitalisation of AED 2.5 billion listed on the Dubai Financial Market (DFM), the Amanat IPO will create the GCCs largest integrated healthcare and education company.

From today until November 4, individual and institutional investors can apply for shares in the IPO. A total of 1,306,250,000 shares, representing 55% of the capital, have been offered to the public at a price of AED 1.00 per share, plus offering costs. A second tranche of 68,750,000 shares has been allocated to the Emirates Investment Authority (EIA) in accordance with UAE law. Amanat expects investors to participate in the companys capitalisation and benefit from its strong liquidity position, and efficient access to the high-growth, non-cyclical and socially responsible healthcare and education sectors.

Subscription is open to UAE, GCC and non-GCC individuals who have an up-to-date DFM Investor Number (NIN), as well as institutional investors. The minimum application for shares in the IPO has been set at 5,000 shares, with any additional subscription to be made in increments of at least 1,000 shares. The allotment of shares, as well as the refund of surplus amounts, will be announced on November 11. Amanat is expected to list on DFM on November 29, 2014, following the Constitutive General Assembly on November 13, 2014.

How to subscribe to the Amanat IPO
Individual investors, who have an up-to-date NIN registered through DFM, can subscribe to the Amanat IPO online, through the DFM eIPO platform using an active iVESTOR card with sufficient funds, or in person at a branches of the receiving banks.

The receiving banks where subscription applications can be submitted are: National Bank of Abu Dhabi, Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Abu Dhabi National Islamic Finance, Ajman Bank, Dubai Islamic Bank, Finance House, and Union National Bank.

For further information on how individual investors can subscribe to the Amanat IPO, please visit www.amanat.ae.

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