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 10,061.27 0.28 833,101,555
Dubai 6,137.33 0.05 272,704,773
Saudi 10,489.65 0.7 2,633,425,619
Kuwait 9,567.31 0.25 32,372,387
Qatar 10,798.14 0.32 275,163,390
Muscat 5,896.41 0.74 22,902,502
Bahrain 2,065.12 0.16 446,740
Egypt 41,731.68 0.31 1,568,629,099
Amman 3,622.86 0.62 14,245,824
Palestine 617.25 0.31 264,087

Commodities

Name Last update Closing Price Change %
Brent Dec-29 62.06 2.21
Natural Gas Dec-29 4.57 4.49
Gold Dec-29 4,350.10 4.56
Silver Dec-29 71.07 8.08
Platinum Dec-29 2,130.10 14.54
Nymex Light Dec-29 58.20 2.59

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 48,712.47 48,518.47 0.4
Nasdaq 23,414.68 23,482.41 0.47
S&P 500 6,936.02 6,909.77 0.29
Name Opening price Closing Price Change%
Frankfurt 24,370.94 24,349.85 0.04
Paris 8,127.59 8,118.16 0.18
London 9,870.69 9,881.94 0.11
Stockholm 1,035.06 1,039.40 0.59
Switzerland 13,251.86 13,254.77 0.09
Name Opening price Closing Price Change%
Shanghai 3,964.65 3,965.28 0.04
Hong Kong 25,928.89 25,635.23 0.71
Jakarta 8,545.72 8,644.26 1.25
Tokyo 50,691.22 50,526.92 0.44

Currency

Name Rate Last update
EURO/USD 1.178 Dec-29
GBP/USD 1.350 Dec-29
USD/JPY 156.091 Dec-29
USD/CHF 0.789 Dec-29