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 9,950.90 0.37 1,054,514,293
Dubai 5,983.54 0.94 619,270,853
Saudi 10,626.15 0.49 4,484,563,997
Kuwait 9,476.85 0.55 61,652,449
Qatar 10,712.82 0.1 365,609,909
Muscat 5,860.80 0.41 45,771,519
Bahrain 2,044.47 0.16 1,368,980
Egypt 41,499.07 0.38 3,451,599,280
Amman 3,422.96 0.18 5,674,792
Palestine 601.70 0.46 822,061

Commodities

Name Last update Closing Price Change %
Brent Dec-05 63.75 0.77
Natural Gas Dec-05 5.29 4.46
Gold Dec-05 4,243.00 0
Silver Dec-05 58.39 2.19
Platinum Dec-05 1,660.50 0.01
Nymex Light Dec-05 60.08 0.69

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 47,879.60 47,954.99 0.22
Nasdaq 23,567.77 23,578.13 0.31
S&P 500 6,866.32 6,870.40 0.19
Name Opening price Closing Price Change%
Frankfurt 23,942.73 24,028.14 0.61
Paris 8,148.07 8,114.74 0.09
London 9,710.90 9,667.00 0.45
Stockholm 1,029.45 1,030.50 0.31
Switzerland 12,876.87 12,936.30 0.33
Name Opening price Closing Price Change%
Shanghai 3,873.12 3,902.81 0.7
Hong Kong 25,833.11 26,085.08 0.58
Jakarta 8,658.89 8,632.76 0.09
Tokyo 50,530.34 50,491.87 1.05

Currency

Name Rate Last update
EURO/USD 1.164 Dec-05
GBP/USD 1.333 Dec-05
USD/JPY 155.270 Dec-05
USD/CHF 0.805 Dec-05