Monday, June 8, 2015

AMANAT Co. purchasing share in "Al-Nour Hospitals" was done by a lower price than Stock market.

The company (AMANAT), listed Dubai Financial Market, said that the acquisition of 4.14% of the shares of Al-Nour hospitals, listed on the London stock exchange was done by the least of the market price per share.

The company added, in a statement published by Dubai market, in response to the queries of the Securities and Commodities, the purchase price was 9.02 pounds per share, while the closing price per share, on 20 May (the date of the implementation of the deal) is 9.29 pounds, up arrow to 9.57 pounds in the May 22.

The company has announced , Thursday 21 may that it had bought a share in Al-Nour hospitals group , out of the market, with a value of 250 million dirhams (68 million US dollars), up 4.8 million shares, representing 4.14% of the group's shares.

The company said that the Governing Council approved the purchase on 15 May, and the company did the implementation of the process of acquisition, by the National Bank of the United Arab Emirates Dubai on 19 May, the confirmation of the  bank to implement the process came  on the evening of  Wednesday 20 may.

AMANAT noted that the Group of Al-Nour hospitals, was founded in 1985, is today one of the largest providers of health care services Abu Dhabi, through its huge group consisting of: 3 hospitals, 17 clinics, and Medical Center.

The company declared- earlier -that it had signed a contract for possessing the company on the company's share in basic health care sector in the Kingdom of Saudi Arabia, and that the contract is expected to be completed during the next six month, which is subject to approval by the specialized authorities, and the Council of Administration.
The financial statements of the company during the first quarter of 2015 revealed that the net profit of about 1.47 million dirhams.



AMANAT Holding Company was established in November 2014, by a group consisting of: 37 from local and foreign investors, with a capital of up to 2.5 billion dirhams, to work in the health care and education sectors.

The shares of "AMANAT" in Dubai Financial Market, starting from a session Sunday 30 November, in the third bay inserts the market during 2014.

The company capital is  2.5 billion dirhams, distributed to 2.5 billion shares, nominal value of one dirham per share.

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