Amanat Increases Payout by AED 11.4 MN at Annual General Meeting

Amanat Holdings PJSC (" Amanat"), the GCC's biggest medical care and education healthcare company, today introduced that it has ended its yearly general meeting (" General Fulfilling") on April 22, 2018.

The Board record for the Company's activities and financial placement, balance sheet and the profit and loss account for the ending 31 December 2017 were accepted.

Furthermore, the General Fulfilling additionally authorized a boost of the payout for the ending 31 December 2017. Before the General Satisfying, the Board had proposed to distribute money dividends of 1.50% of the nominal worth for each and every share (1.5 fils each one share).

Following shareholders request during the General Fulfilling to raise the payout, the request was approved to a rise of AED 11.4 MN, which will be paid from retained profits of AED 5.7 MN and from the share issuance reserve of AED 5.7 MN while getting the Securities and Commodities Authority's authorization. This implies overall payment of AED 48.9 MN, or 1.956% of the small value of each share (1.956 fils per one share).

Mr. Hamad Abdulla Al Shamsi, Chairman of Amanat, said "Reflecting our commitment to our investors in building lasting sustainable value, we are pleased to increase our complete returns payout. With 43% of funding currently released, we are hopeful concerning our capacity to proceeding developing shareholder worth as we build on our solid structure of proactively buying health care and education companies."

Dr. Shamsheer Vayalil, Vice Chairman and Managing Director of Amanat, added: "The strong positive functional cash flow Amanat has had because inception allows us to raise the returns payout. As the GCC's largest investment firm in the healthcare and education fields, we are well positioned in 2018 to enhance our pipe of strategic investments within these markets in the GCC and beyond."