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Thu 23 Nov 2017 04:07 PM

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UAE investment firm Amanat names new chairman, MD

GCC's largest healthcare and education investment company makes top level appointments

UAE investment firm Amanat names new chairman, MD

The board of Amanat Holdings, the GCC’s largest healthcare and education investment company, on Thursday elected Hamad Abdulla Alshamsi as chairman and Dr Shamsheer Vayalil as vice chairman and managing director.

They have been tasked with growing the business by identifying new opportunities to deploy Amanat’s capital through investments in the healthcare and education sectors in the UAE and across key international markets.

The election of the new chairman and vice chairman follows the appointment of a new board directors at Amanat’s general assembly meeting held on November 16.

Alshamsi said: “I would like to thank the previous board members for their contributions and hard work over the last three years. Amanat is in a great position from which the new board and management team will look to actively pursue a mandate to deliver outstanding healthcare and education services in the GCC region and internationally.

“The new board members bring considerable strength and depth to Amanat’s proposition, particularly on the successful deployment of capital in a timely and appropriate manner. I look forward to guiding the board and the company on the next phase of its path to growth.”

Vayalil added: “Amanat has the potential to become a game changer in healthcare and education, not only in the UAE but on the global stage.

“Both sectors are ripe for investment and with Amanat’s strong financial position, now is the time to implement a strategic and ambitious financial deployment plan that will unlock further value for shareholders. I look forward to playing an active role in driving the business forward at this exciting time.”

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