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 9,936.78 0.19 785,080,758
Dubai 5,967.90 0.65 621,112,954
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 3,791.12 0.3 20,198,811
Palestine 631.65 0.47 140,765

Commodities

Name Last update Closing Price Change %
Brent Apr-17 97.45 1.91
Natural Gas Apr-17 2.68 1.17
Gold Apr-17 4,796.78 0.17
Silver Apr-17 79.65 1.63
Platinum Apr-17 2,099.00 0.61
Nymex Light Apr-17 92.53 2.24

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 48,557.82 48,578.72 0.24
Nasdaq 24,062.45 24,102.70 0.36
S&P 500 7,037.78 7,041.28 0.26
Name Opening price Closing Price Change%
Frankfurt 24,150.47 24,313.13 0.66
Paris 8,265.27 8,299.82 0.45
London 10,590.35 10,583.29 0.06
Stockholm 1,093.04 1,099.88 0.4
Switzerland 13,194.99 13,236.13 0.48
Name Opening price Closing Price Change%
Shanghai 4,043.38 4,051.43 0.1
Hong Kong 26,210.97 26,160.33 0.89
Jakarta 7,645.81 7,634.00 0.17
Tokyo 59,255.09 58,475.90 1.75

Currency

Name Rate Last update
EURO/USD 1.178 Apr-17
GBP/USD 1.352 Apr-17
USD/JPY 159.230 Apr-17
USD/CHF 0.783 Apr-17