The shareholders of the biggest incorporated health care and education company Amanat Holdings PJSC ("Amanat") have actually approved the distribution of a 1.5 percent revenue dividend, comparable to 1.5 fils per share, following the conclusion of the business's very first Annual General Meeting (AGM) since listing on the Dubai Financial Market (DFM).

All resolutions in the program of the AGM were passed by the assembly. These included approval of the Board of Directors' report on the company's activities and financial position, the auditor's report, and the balance sheet and profit and loss represent the duration ending December 31, 2015.

The assembly discharged the Board of Directors and the auditors of liability for 2015, further, KPMG was re-elected as auditor for the 2016. The assembly even more ratified the consultation of Sheikh Mansour Bin Mohamed Bin Butti Al Hamid as an independent director in replacement of Sheikh Zayed Bin Mohamed Bin Butti Al Hamid who resigned the board for individual factors.

3 special resolutions, which needs the approval of 75 % of the attendees; were also properly passed throughout the AGM, particularly changing the Articles of Association to abide by Federal Law No. 2 of 2015 concerning commercial companies, authorizing the establishment of AED5 billion of authorised capital in accordance with Article 193 of the abovementioned law and the reduction of the number of members of the board of directors from 9 to 7 in line with the existing board composition.

"We thank our shareholders for their involvement in Amanat's AGM and for their support throughout since our inception" stated Faisal Bin Juma Belhoul, Chairman of the Board of Amanat. "The business made significant development in 2015 with the application of its core financial investment technique, while maintaining tight control over costs throughout, resulting in a healthy revenue that enabled Amanat to disperse dividends to investors.".

Amanat recorded a net revenue of AED 50.6 million for the period from its creation on November 17, 2014, to December 31, 2015. Overall income in the same duration stood at AED 89.6 million, made up generally of AED 57.3 countless gain and dividends from Al Noor Hospitals Group and AED 32.3 million in interest income where majority which is on Murabaha and Wakala deposits. Amanat's share of benefit from its stake in specialist healthcare provider Sukoon International Holding Company CJSC was AED 8.9 million from the acquisition date in August 2015 till year end 2015. Amanat's business expenses during the duration stood at AED 47.9 million which included pre-incorporation expenditures.

Faisal Belhoul even more added: "Amanat's strong revenue position and healthy deal pipeline leaves us well positioned to continue building, through our three verticals, a portfolio of desirable assets in the high growth healthcare and education sectors. The extremely experienced group at Amanat will remain to examine profitable chances and work carefully with portfolio companies to additional include value and shall continue to keep a disciplined and separated method throughout 2016 to provide long-term success and value to our investors.".

The Chairman further validated Amanat's dedication to the GCC region by establishing and developing high quality healthcare and educations assets, in line with the region's management passions and vision in the long term to build an integrated environment identified by quality and enabling companies much like Amanat to contribute in attending to the growing requirements in the GCC.