Dubai – Mubasher: Amanat Holdings has allocated at least AED 1.5 billion ($408 million) for acquisitions in the healthcare and education sectors across different markets in 2022, the company's CEO, Mohamad Hamade, told Bloomberg TV.

Hamade added that some of the company's portfolio companies are selected for stock market listings, benefitting from Dubai's initiative to encourage the initial public offerings (IPO).

"Markets such as the UAE, Saudi, Egypt, be it in higher education, K12 or specialized health-care is a target for us and we are currently exploring all of the above,” Amanat's CEO announced.

It is noteworthy to mention that in early November 2021, Dubai announced its plans to list ten government and state-owned companies on the Dubai Financial Market (DFM) and double the stock market size to AED 3 trillion.