UAE investment firm Amanat unveils social infrastructure platform
Category: #tech  By Mateen Dalal  Date: 2021-09-13
  • share
  • Twitter
  • Facebook
  • LinkedIn

UAE investment firm Amanat unveils social infrastructure platform

Amanat Holdings PJSC, a healthcare and education investment company based in UAE, has unveiled its Social Infrastructure Platform with the procurement of the real estate property of CMRC (Cambridge Medical & Rehabilitation Centre) facility for AED 46 million in Abu Dhabi.

The acquisition marks as Amanat's first foray into the healthcare real estate market and follows its plan to build a Social Infrastructure Platform that will act as a platform for its portfolio firms' growth and sustainability.

Amanat's exposure to the healthcare and education sectors will be further broadened due with this investment.

The goal of the Social Infrastructure Platform is to help Amanat's portfolio firms to thrive while sustaining long-term lease ties. It will enable Amanat to build a large and diverse portfolio of real estate assets with a stable and predictable return.

Amanat's Chairman, Hamad Alshamsi said their firm is examining several opportunities to generate solid and long-term returns to shareholders by investing in the real estate of the firm's top assets. This includes providing the required enablers for the company's assets to grow and develop, whether by owning real estate or investing in technology to expand investments further.

Mr. Alshamsi considers this as another positive step toward improving the portfolio and providing long-term shareholder returns.

CEO of Amanat, Dr. Mohamad Hamade mentioned that CMRC's Abu Dhabi real estate acquisition is yet another strategic move in the company's quest to build healthcare and education platforms supported by synergistic and enabling platforms.

He added that Amanat's Social Infrastructure Platform will look for strategic real estate acquisitions with high returns to encourage long-term landlord-tenant relationships.

These investments will be linked to the firm's involvement as a prominent stakeholder in corporate strategy, corporate governance, and corporate finance where it is in close collaboration with respective management teams to improve their return profiles.

Source Credit - https://www.zawya.com/mena/en/press-releases/story/Amanat_launches_its_social_infrastructure_platform-ZAWYA20210912060331/

 

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal    

Mateen Dalal

Mateen has completed his Bachelor’s degree in electronics and telecommunication engineering, post which he lent his proficiency to the industry, working as a quality and test engineer. Drawn intricately toward the field of content creation however, Mateen soon switc...

Read More

More News By Mateen Dalal

Stocks of luxury fashion houses raise in response to China’s reopening
Stocks of luxury fashion houses raise in response to China’s reopening
By Mateen Dalal

Luxury fashion houses dependent on Chinese customers reportedly saw a hike in stocks as China reopens, however, those clients may not necessarily be purchasing the goods elsewhere. In the past, wealthy Chinese customers would frequently buy person...

Microsoft investigates Teams and Outlook outage that left users disrupted
Microsoft investigates Teams and Outlook outage that left users disrupted
By Mateen Dalal

Microsoft, the U.S.-based technology frontrunner, reportedly investigating an outage that prevented thousands of customers from accessing services like Teams and Outlook. Apparently, the tech giant did not disclose the number of users that were im...

DeHaat secures $60 million in funding, tops $700 million valuation
DeHaat secures $60 million in funding, tops $700 million valuation
By Mateen Dalal

Indian agritech firm DeHaat has reportedly raised $60 million in a new funding round as it looks forward to strengthening its footprint in the country and touching break-even profitability in two years. For the unversed, the startup provides a range ...