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 6,209.43 0.14 1,203,410,993
Dubai 2,696.03 0.36 116,190,016
Saudi 10,322.68 0.92 6,065,072,770
Kuwait 6,790.43 0.15 30,284,307
Qatar 10,925.24 0.23 277,491,993
Muscat 3,835.27 0.48 2,231,519
Bahrain 1,529.81 0.17 372,662
Egypt 10,767.84 0.77 360,907,332
Amman 1,831.70 0.31 6,561,845
Palestine 491.02 0.02 2,857,018

Commodities

Name Last update Closing Price Change %
Brent May-11 68.30 0.01
Natural Gas May-11 2.94 0.07
Gold May-11 1,835.90 0.1
Silver May-11 27.67 0.65
Platinum May-11 1,240.80 1.98
Nymex Light May-11 64.97 0.02

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 34,572.74 34,270.78 1.36
Nasdaq 13,115.85 13,373.90 0.21
S&P 500 4,150.34 4,151.64 0.88
Name Opening price Closing Price Change%
Frankfurt 15,253.32 15,119.75 1.82
Paris 6,314.27 6,267.39 1.86
London 7,123.68 6,947.99 2.47
Stockholm 902.62 884.50 2.85
Switzerland 11,037.57 10,989.32 1.21
Name Opening price Closing Price Change%
Shanghai 3,406.60 3,441.85 0.4
Hong Kong 28,286.56 28,013.81 0.96
Jakarta 5,965.85 5,938.35 0.63
Tokyo 29,238.56 28,608.59 3.08

Currency

Name Rate Last update
EURO/USD 1.217 May-11
GBP/USD 1.415 May-11
USD/JPY 108.549 May-11
USD/CHF 0.902 May-11