Official name
Amanat Holdings
DFM · AMANAT
Amanat Holdings
- Research depth
- Detailed review in preparation
- Sector lens
- Financial services and insurance
- Reporting context
- Q1 2026 reviewed IAS 34
Company overview
- Exchange
- DFM
- Ticker
- AMANAT
- ISIN
- AEA005901011
- Market identifier code (MIC)
- XDFM
- Stable research ID
- DFM-AMANAT
- Industry evidence
- Healthcare and education operating investment holding
- Instrument type
- Listed equity
- Research status
- Detailed review in preparation
- Latest financial period
- Q1 2026 reviewed IAS 34
- Identity evidence checked
- 2026-08-11
- Identity checked
- Identity revalidation is due; this dated record is not proof of current listing status
- Listing lifecycle
- Primary active route confirmedA dated identity record does not prove the current listing state after its verification date.
Issuer participationProfile foundation available
Amanat Holdings · What the issuer can provide
- business and research review
- current identity confirmation
Why this company is in the directory
Coverage follows a reconciled listed-security identity and dated evidence. Inclusion describes research scope only; it is not a ranking, recommendation or claim of complete financial coverage.
- Identity reconciliation
- Exchange and ticker matched the research registry
- Current public research layer
- Company profile published · detailed review in preparation
- Evidence boundary
- Identity record checked: 2026-08-11
Company evidence map
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Identity-only public coverage; no completed research review is claimed.Stale
Open the Company BriefListed-security identity
Revalidation is due; the dated record is not proof of current listing status.
Checked: 2026-08-11→AvailableIssuer profile
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→AvailableSource documents
3 source documents are linked to public facts.
→MissingCompany activity
No linked activity currently passes every public source-document check.
→AvailableOfficial sources
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→Public identity dossier
Verified listing identity
The fields below come from the current public company registry and any human-published issuer profile. Empty issuer-contact fields stay visibly missing until source and publication-rights review are complete.
- Official listed name
- Amanat Holdings Available
- Exchange
- DFM Available
- MIC
- XDFM Available
- Ticker
- AMANAT Available
- ISIN
- AEA005901011 Available
- Instrument
- Listed equity Available
- Sector
- Financial services and insurance Available
- Industry
- Healthcare and education operating investment holding Available
- Identity checked
- 2026-08-11 Available
- Official website
- Missing Missing
- Investor relations
- Missing Missing
- Registered address
- Missing Missing
- Public contacts
- Missing Missing
Company activity context
Only exact-security, human-published activity that passes every public source-document check can appear here.
No linked update currently passes every public gate.
Open the full chronologyPublic identity passport
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Ticker
AMANAT
Exchange and MIC
DFM · XDFM
ISIN
AEA005901011
Instrument type
Listed equity
Sector and industry
Financial services and insurance · Healthcare and education operating investment holding
Listing status
Primary active route confirmed
Official website
Not available in the public evidence layer
Investor relations
Not available in the public evidence layer
Registered address
Not available in the public evidence layer
Public email
Not available in the public evidence layer
Public phone
Not available in the public evidence layer
Business description
Not available in the public evidence layer
Verified issuer profile
A verified public issuer profile has not been published yet.
Business model
GCC healthcare and education operating holding. Healthcare platform Cambridge Health Group provides post-acute rehabilitation, long-term care and home healthcare in the UAE and Saudi Arabia. Education platform Almasar includes Middlesex University Dubai, Saudi special-education operator Human Development Company and an equity-accounted interest in NEMA.
Amanat — hospital beds, lecture halls and a parent that owns neither directly
Two operating platforms held through a listed holding company
Amanat Holdings is a Gulf healthcare and education operator rather than a passive fund. Its healthcare engine, Cambridge Health Group, runs six hospitals plus a home-care platform covering post-acute rehabilitation and long-term care in the Emirates and Saudi Arabia; the 100% acquisition of that group completed in June 2026. Education sits inside Almasar, itself listed in Saudi Arabia and 70%-owned, which controls Middlesex University Dubai, holds 60% of Human Development Company and accounts for a 35% interest in NEMA under the equity method.
What the beds and the classrooms actually produced
First-quarter 2026 healthcare reporting showed 715 total beds, 666 licensed beds and an average inpatient census of 530, with revenue of AED112.9m, operating earnings of AED28.6m and net profit of AED13.8m. Jeddah had 70 beds under development and Khobar 101 licensed beds with a further 49 awaiting licence. Education delivered AED185.6m of revenue and AED62.3m of net profit across roughly 28.6 thousand students and beneficiaries in 59 facilities, with 15 more being built; international students were 54% of the Middlesex body.
Consolidated cash belongs to the subsidiaries that earned it
FY2025 cash stood at AED1.450bn against bank financing of AED336.164m, but that balance sits inside operating subsidiaries and inside 70%-owned Almasar. Debt packages carry company and subsidiary guarantees, pledges over subsidiary shares, a Saudi dividend assignment and security over property and receivables. Goodwill and intangibles of AED1.384bn represented 30.22% of assets, and management's sensitivity showed a 5% patient decline at Sukoon would trigger AED39m of impairment.
Earnings that depend on getting invoices paid
Continuing revenue grew from AED412.872m in FY2021 to AED931.689m in FY2025, but the perimeter changed through disposals, the Almasar listing and a discontinued operation, so no organic growth rate is implied. Gross trade receivables rose 32.27% to AED357.670m while continuing revenue rose 17.03%; the expected-loss allowance was 13.51%. One Human Development Company customer represented 46% of gross group receivables and two healthcare payers 54%. Quarterly operating cash flow was negative AED36.756m.
What the filings stop short of showing
The verified set carries no parent-only cash, debt and guarantee bridge after the Cambridge purchase, no covenant or value-in-use headroom, no post-quarter collection data and no look-through net asset build-up for Almasar and NEMA. Six holders above 5% own 63.12% between them, and the residual is not demonstrated to be tradable. This review assigns no valuation and no trade.
How to read this company's economics
Numerical values remain in the separate source-document checkHow the operating model becomes revenue and cash
A financial institution can earn from lending or financing, exchange, brokerage, asset management, investment holdings, transaction fees or capital markets. Each activity carries a different balance-sheet and regulatory perimeter.
Five questions before reading the headline
1. What created demand?
Identify the exact fee, spread, asset, transaction or investment exposure creating income.
2. What was actually delivered?
Separate client activity, assets under management and proprietary balance-sheet exposure.
3. What determines the margin?
Reconcile recurring fees and spreads with fair-value, realised and one-off gains.
4. Where is cash tied up?
Trace liquidity, receivables, client money, funding, leverage and regulatory capital.
5. What must be funded next?
Read growth against licences, risk limits, capital needs and the exact legal entity.
Official-source snapshot
What the company does and where to verify it
A manually reviewed, paraphrased snapshot from issuer and official market records. Each field keeps its exact source and verification date.
No public snapshot has passed this separate review yet.
Official website, investor-relations, market-record and public contact fields remain unavailable here until their exact source, current value and reuse boundary are reviewed. Nothing is inferred from aggregators or another company.
Diversified group analytical model
The metrics below define the correct analytical lens for this business model. They contain no company values: a value appears only after official-document provenance and editorial verification.
- Segment revenue
- External revenue by disclosed operating segment with eliminations and changes in perimeter identified.
- Segment profit
- The issuer-reported segment result with its exact definition and reconciliation to group profit.
- Holding-company net debt
- Parent-only borrowings less accessible parent cash, separate from operating subsidiaries.
- Capital allocation
- Cash acquisitions, disposals, dividends and investment expenditure shown as separate flows.
- Ownership and NCI
- Ownership percentages and non-controlling interests for each material subsidiary and reporting date.
What changed
Full company chronologyVerified company activity
Only exact-security activity that passes the automatic source, locator, date and localization gates is shown. Exceptions remain unpublished. Each date keeps its lifecycle meaning.
No linked activity currently passes every public source-document check.
Sources
Identity evidence
- Identity evidence
- Exchange-hosted evidence
- Identity record checked
- 2026-08-11
- Evidence host
- assets.dfm.ae
Research collections
This company appears in the dated public collections below. Membership describes coverage and evidence context; it is not a ranking or recommendation.
DFM companies
Public profiles with canonical exchange DFM.
- Membership version
- v1
- Effective from
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Public profiles with a complete source-linked review currently visible to every reader.
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Identity revalidation due
Dated public identity checks earlier than 18 August 2026; this does not assert current listing status.
- Membership version
- v1
- Effective from
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Research products
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