Amanat Holdings confirmed yesterday that its wholly-owned subsidiary, Almasar Alshamil Ezemufundo, has started trading on the main Saudi exchange following an initial public offering.
Dubai-listed Investment said the IPO saw 30 percent of the company’s share capital subscribed, putting the offered price at the top of the announced range.
According to Amanat, institutional demand for transactions was strong, with the order book reaching approximately sar62 billion. This meant a write rate of 103 times. Sales demand reached SAR218 million.
Almasar Alshamil starts trading after IPO
The list proposed for a capital of around SAR599 million and gave Almasar Alshamil education is a capital generated by the market of SAR1.997 billion during the trading period.
The listing marked the latest step in Amanat’s multi-year funding cycle. The company said it raised more than AED1 billion by 2025 alone. This follows a previous exit that generated over AED2.1 billion in combined COURDS. Earlier this year, Amanat completed the sale of North London Collegiate SOKIL FOLD453 million, achieving a return of 1.7 million.
Amanat reported continued positive performance across its education and health portfolio. Revenue and EBITDA from the continuation of the first nine months of 2025 rose by 15 percent and 49 percent respectively. Student and beneficiary numbers increased by 21 percent to 28,000 while the number of beds increased to 715. The company held AED568 million in the middle ground, with funds from the reporting period.
Amanat said that its board will examine the possible use of the available money, the owner of the balanced shares returns the renewal of growth opportunities.
Chief executive John Ireland said: “Today’s listing of Almasar Alshamil Education in its most successful IPO, which highlighted the unique creations in the delivery of our construction strategy and specialized finance and healthcare.
“We remain committed to creating long-term shareholder value and will consider all strategic options for the IPO and the AED568 million capital raised on our paper, including return on equity growth opportunities.”
Almasar Alshamil Education is described by Amanat as the GCC’s leading education provider. Its portfolio includes a human development company, the largest provider of specialized educational services in Saudi Arabia, Middlesex University Dubai and a small stake in NEMA University and Liwa University and Liwa University.
The group serves more than 28,000 students and beneficiaries of its network among institutions, schools and higher education institutions in Saudi Arabia and the UAE.
