Amanat Holdings PJSC announced today that it has completed the acquisition of 100 percent stake in Middlesex University Dubai for a consideration of AED369 million, with an additional potential earn-out of up to AED73 million.

Commenting on the acquisition, Hamad Abdulla Al Shamsi, Chairman of Amanat, said, "The acquisition of Middlesex University Dubai represents another milestone for Amanat, marking our sixth portfolio company. Having successfully acquired 100 percent of the University and deployed 73 percent of our capital, Amanat demonstrates its commitment to a more active investment strategy."

Dr. Shamsheer Vayalil, Vice Chairman and Managing Director of Amanat, said, "Middlesex University Dubai is an exciting and strategic investment for Amanat, enabling us to continue supporting education and healthcare services in the region. Middlesex University Dubai is Amanat’s third investment in 2018, with AED1.1 billion of capital deployed so far this year. Following Amanat’s investment in Abu Dhabi University Holding Company, our higher education portfolio extends across the emirates of Dubai and Abu Dhabi and covers a wide range of programmes."