Investment firm Amanat’s profit soars to $76.4m on strong healthcare portfolio

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Updated 15 February 2022
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Investment firm Amanat’s profit soars to $76.4m on strong healthcare portfolio

  • The Dubai-listed company saw a 2,680 percent increase in net profit on strong health unit performance

RIYADH: Healthcare and education investment company Amanat has reported a twenty-eightfold increase in net profit to 280.8 million dirhams ($76.4 million) in 2021.

The Dubai-listed company saw a 2,680 percent increase in net profit on strong health unit performance.

A key driver of its growth was its health care portfolio with its most recent acquisition of Cambridge Medical and Rehabilitation Center, according to a press release.

 “I think we are at the stage to prioritize capital deployment,” Amanat CEO Mohamed Hamade said in an interview with Bloomberg, adding: “We are looking at Saudi, UAE, and Egypt as markets.”

The growth was also attributed to the sale of minority stakes in Taaleem Holdings and International Medical Center KSA, which resulted in a profit of 202.9 million dirhams. 

Due to this record performance, Amanat has recommended the highest dividend payout to-date of 150 million dirhams.

 


DP World announces new leadership appointments

Updated 13 February 2026
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DP World announces new leadership appointments

DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.

Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.

Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.

Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.

DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.