Amanat Holdings PJSC has about 1.8 billion dirhams ($490 million) to spend on acquisitions in healthcare and education as the Dubai-based investment firm expands across the Middle East.
The company is looking “at a couple of acquisitions” and “the pipeline is very active,” Shamsheer Vayalil, Amanat’s vice chairman and managing director, said in an interview on Tuesday. Amanat historically bought minority stakes in companies but will “become more involved with managements,” he said.