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 9,571.05 0.16 3,056,522,212
Dubai 5,550.24 0.81 2,332,534,761
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 3,692.12 0.12 10,259,215
Palestine 631.65 0.47 140,765

Commodities

Name Last update Closing Price Change %
Brent Mar-19 108.65 1.18
Natural Gas Mar-19 3.17 3.3
Gold Mar-19 4,653.39 0.37
Silver Mar-19 72.82 0.17
Platinum Mar-19 1,943.70 1.29
Nymex Light Mar-19 96.14 0.19

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 46,134.87 46,021.43 0.44
Nasdaq 21,871.04 22,090.69 0.28
S&P 500 6,583.12 6,606.49 0.27
Name Opening price Closing Price Change%
Frankfurt 23,160.58 22,839.56 2.82
Paris 7,871.76 7,807.87 2.03
London 10,305.61 10,063.50 2.35
Stockholm 1,030.01 1,012.22 3.29
Switzerland 12,617.98 12,459.54 2.4
Name Opening price Closing Price Change%
Shanghai 4,004.57 3,990.95 0.39
Hong Kong 25,337.28 25,350.62 0.59
Jakarta 7,074.61 7,106.84 1.2
Tokyo 54,287.80 53,372.53 3.38

Currency

Name Rate Last update
EURO/USD 1.156 Mar-20
GBP/USD 1.342 Mar-20
USD/JPY 158.122 Mar-20
USD/CHF 0.789 Mar-20