Amanat Holdings, the GCC’s largest healthcare and education investment company, has announced that it has completed the acquisition of 100 percent stake in Middlesex University Dubai.
The company said in a statement that the deal was worth AED369 million with an additional potential earn-out of up to AED73 million.
Established in 2005, Middlesex University Dubai is the first overseas campus of the internationally renowned Middlesex University in London.
Middlesex University Dubai has a diverse student body of approximately 3,000 students from over 100 nationalities and is licensed and regulated by the Dubai Government’s Knowledge and Human Development Authority (KHDA).
Middlesex University Dubai offers foundation, undergraduate and postgraduate degree programs in Business, Law, Art and Design, Science and Technology, Health and Education, and Media.
With the completion of this investment, Amanat said it has constructed a diverse portfolio which includes three education assets in the UAE, two healthcare assets in Saudi Arabia and another real estate investment.
Hamad Abdulla Al Shamsi, chairman of Amanat, said: “The acquisition of Middlesex University Dubai represents another milestone for Amanat, marking our sixth portfolio company.
“We are confident of the value we can bring to Middlesex University Dubai, helping it build on its historic success of providing students with an enhanced learning experience and improved career prospects in an increasingly competitive world.”
Middlesex University Dubai is Amanat’s third investment in 2018, with AED1.1 billion of capital deployed so far this year.
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