Amanat Holdings PJSC (“Amanat”), the GCC’s largest investment company solely focused on healthcare and education, announced today that it has acquired a 35% beneficial interest in Abu Dhabi University Holding Company (“ADUHC”).
ADUHC is a key player in the private higher education field in Abu Dhabi and Al Ain, with recent expansion to Dubai and Al Dhafra Region. Its mission is to become the leading private education platform in the UAE, spanning higher education, vocational and corporate training sectors.
The partnership with Amanat reflects the growth ambitions of ADUHC along with its portfolio organizations which include Khawarizmi International College, Knowledge Group, Khawarizmi Training Solutions, Summit Career Management Services, AIM Events and Fortune Properties. With 7,500 students enrolled in its higher education institutions across the UAE, and having trained over 170,000 individuals through its training solutions companies, it is on target to achieve its planned expansion. The group operates a number of subsidiaries that service the group’s entities in the fields of real estate, facility management, human resources, project and event management.
H.E. Hamad Abdullah Al Shamsi, Chairman of Amanat, said: “We are delighted to collaborate with ADUHC as our partners in higher education in the UAE. This move strategically complements our K-12 platform, and confirms Amanat’s emphasis on the growing GCC education sector by creating a unique and complementary portfolio of quality institutions. We are committed to investing in the things that we believe matter most which are healthcare and education.”
“We welcome this investment which demonstrates a shared belief in, and commitment to, what we are doing,” said H.E Ali Saeed Bin Harmal Al Dhaheri, Chairman of ADUHC. “We value the expertise of Amanat in the education sector and anticipate their strategic input.”