Dubai-Mubasher: Dubai-listed Amanat Holdings acquired an indirect stake of 16.02% in K-12 primary and secondary education provider Madaares, according to a statement.
Amanat purchased the stake through one of its subsidiaries for AED 139.4 million ($37.95 million).
Amanat is considering a number of acquisitions in the healthcare and education sectors in UAE and Saudi Arabia, Chairman Faisal Bin Juma Belhoul earlier told Mubasher.
