Dubai - Mubasher: Almasar Alshamil Education, a subsidiary of Amanat Holdings, secured the approval of the Saudi Capital Market Authority (CMA) to trade on the Main Market of the Saudi Exchange (Tadawul).
Under its initial public offering (IPO), Almasar Education plans to list 30.72 million shares, equivalent to 30% of its share capital, according to a press release.
Almasar Education is a leading provider of specialist education in the GCC region, serving more than 23,000 students through its portfolio. This includes the largest private provider of Special Education Needs (SEN) in Saudi Arabia and the top private Higher Education institutions in the UAE.
During the first half (H1) of 2025, the unit logged 23% year-on-year (YoY) higher revenues.
In the six-month period that ended on 30 June 2025, Amanat Holdings generated net profits totaling AED 93.20 million, an annual growth of 5% from AED 89.11 million.
