Amanat unveils long-term growth strategy, updates dividend policy

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DFM-listed Amanat Holdings has launched a new long-term growth strategy targeting accelerated expansion in the healthcare and education sectors in the region, along with a new dividend policy.
 
According to a company statement, the strategy, approved by the board at its meeting yesterday, focuses on disciplined capital allocation, operational excellence, and responsible growth.

Amanat intends to continue expanding its healthcare and education operations through organic growth, developing new projects, and selective acquisitions.
 
The company is planning to invest about AED 1.5 billion over the next three years in high-return opportunities, including expanding the leadership of Cambridge Health Group in post-acute care and rehabilitation. This was in addition to executing well-considered regional and international acquisitions to strengthen the company's market position and deliver long-term sustainable value.

The plan also supports growth in the education pathway, across higher and specialized education, and selective opportunities from kindergarten to Grade 12.
 
Amanat reaffirmed its commitment to evaluating investment opportunities based on strict financial and strategic criteria, targeting a return on equity of no less than 10% while maintaining a strong, flexible balance sheet.
 
Under the adopted strategy, Amanat’s board also approved a three-year dividend policy that aims to pay a minimum annual dividend of 7% of issued share capital, equal to 7 fils per share, on a semi-annual basis, subject to cash flow availability and regulatory approvals.
 
The board additionally approved up to AED 70 million in funding for 100%-owned subsidiary Cambridge Health Group to support the development of the Al Malaz project in Riyadh, Saudi Arabia, as part of Amanat’s strategic regional expansion plans.
 
The strategy is built around six primary pillars: boosting market presence through organic growth; disciplined investment; consolidating regional leadership; maintaining financial discipline; creating sustainable returns for shareholders; and maximizing long-term shareholder value.