Amanat's stock jumps on DFM on acquisition news

Dubai – Mubasher: Amanat Holding’s stock rose the Dubai Financial Market (DFM) on Monday backed by news of a hospital acquisition in Bahrain.

By 12 pm UAE time, Amanat’s stock surged 4.31% to AED 1.21, after 1 million shares changed hands through six transactions at a turnover of AED 1.26 million.

On Sunday, the Dubai-listed education and healthcare investment firm announced that its portfolio had grown to reach AED 2 billion following a majority stake acquisition of a Bahraini women’s hospital.

Amanat had acquired 69.3% of the Royal Hospital for Women for AED 141.7 million.

MUBASHER Contribution Time: 27-Aug-2018 08:36 (GMT)
MUBASHER Last Update Time: 27-Aug-2018 08:36 (GMT)