Dubai's Amanat buys $38m stake in Bahrain maternity hospital

Investment firm Amanat acquires 69.3% of Bahrain's Royal Maternity Hospital Holding in a deal worth $38.6m
Dubai's Amanat buys $38m stake in Bahrain maternity hospital
By Sam Bridge
Mon 20 Aug 2018 02:00 PM

Amanat Holdings, the GCC’s largest healthcare and education investment company, has announced its acquisition of a majority stake in a women's hospital in Bahrain.

The Dubai Financial Market-listed company acquired said in a bourse filing that it acquired 69.3 percent of Bahrain's Royal Maternity Hospital Holding in a deal worth AED141.7 million ($38.6 million).

The Bahraini healthcare facility is more commonly known as the Royal Hospital for Women, it said in the statement.

Amanat Holdings last week reported a net profit of AED27.9 million in the first half of 2018, up 12 percent over the same period last year.

The strong half-yearly performance is underpinned by the firm’s active deployment of capital, Amanat said in a statement.

Total revenue generated in the first half of 2018 reached AED51.9 million, up 7.4 percent while income from associates stood at AED26.1 million in the half, an increase of 42.2 percent.

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