Amanat Holdings, an investment firm based in Dubai, is reportedly looking into the possibility of listing its education business on the Saudi Tadawul stock exchange. This would be a significant development for the company as it aims to expand its presence in the region and take advantage of the promising Saudi market.
Currently listed on the Dubai Financial Market (DFM), Amanat owns the Middlesex University campus in Dubai, along with other educational assets. A potential listing would not only diversify its portfolio but also align with Saudi Arabia’s efforts to strengthen its non-oil economy through initiatives like Vision 2030.
The firm’s plans for expansion come at a time when the education sector in the Kingdom is experiencing considerable growth, fueled by a greater emphasis on high-quality academic institutions and international collaborations. A successful listing could improve Amanat’s access to capital, enabling further investments and innovations in the education sector.
Market analysts suggest that this move could generate significant interest from investors keen to support education-related projects in a rapidly changing regional market. However, the final decision and timeline for the listing have yet to be officially confirmed.
