Dubai Financial Market | Amanat Holdings | Amanat Exits Taaleem in a AED 350 Million Transaction Generating Strong Returns

 

Amanat Exits Taaleem in a AED 350 Million Transaction Generating Strong Returns

- Amanat divested its 21.7% stake in Taaleem resulting in a total cash return of 225 million, with MoM of 2.2x


-  Transaction in line with strategic objectives to grow platforms and focus on controlling stakes

Press release

Regional Markets indices ()

Name Last Change (%) Value
Abu Dhabi 9,725.72 1.47 2,686,880,560
Dubai 6,234.85 0.22 999,768,942
Saudi 11,350.95 0.71 2,122,266,327
Kuwait 9,371.24 0.77 37,662,287
Qatar 11,356.75 0.31 242,969,194
Muscat 6,248.05 0.85 23,375,153
Bahrain 2,049.13 0.12 730,806
Egypt 47,683.17 0.37 527,619,966
Amman 4,053.45 0.33 11,026,894
Palestine 631.65 0.47 140,765

Commodities

Name Last update Closing Price Change %
Brent Nov-12 95.82 3.3
Natural Gas Nov-12 3.34 3.89
Gold Nov-12 3,877.52 0.09
Silver Nov-12 50.07 0.02
Platinum Nov-12 1,520.40 0.14
Nymex Light Nov-12 88.74 2.55

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 52,427.94 52,297.09 0.36
Nasdaq 25,092.11 25,366.09 0.39
S&P 500 7,550.84 7,592.40 0.35
Name Opening price Closing Price Change%
Frankfurt 26,910.57 26,771.88 0.41
Paris 8,366.07 8,361.36 0.34
London 10,835.74 10,863.09 0.25
Stockholm 1,167.16 1,162.53 0.16
Switzerland 15,181.09 15,149.43 0.63
Name Opening price Closing Price Change%
Shanghai 3,658.72 3,658.89 0.08
Hong Kong 23,871.91 23,914.29 0.39
Jakarta 5,119.53 5,250.90 2.66
Tokyo 61,223.41 61,825.82 1.65

Currency

Name Rate Last update
EURO/USD 1.106 Nov-13
GBP/USD 1.324 Nov-13
USD/JPY 159.865 Nov-13
USD/CHF 0.835 Nov-13