Amanat Holdings has announced the successful sale of its educational real estate asset, generating a remarkable cash return of 453 million dirhams. This transaction yielded a non-leveraged cash return of 1.7 times the initial investment, alongside an internal rate of return of 10%. Consequently, the net cash proceeds from the deal totaled 294 million dirhams, reaffirming the strength of Amanat’s investment strategy.
The sold asset was the North London Collegiate School property, which Amanat purchased for 360 million dirhams in June 2018. Subsequently, Amanat provided an additional 33 million dirhams to support the school’s expansion, bringing its total investment in this asset to 393 million dirhams. This successful exit aligns perfectly with Amanat’s strategic approach of “selecting, growing, and profiting.”
This strategic approach emphasizes acquiring high-potential assets to foster growth and scale, ultimately monetizing them for profit at the right time. The returns generated are intended to provide added value to shareholders and raise capital for further investment in similarly attractive assets. Dr. Shamsheer Vayalil, Chairman of Amanat Holdings, stated that “the sale of our educational real estate asset, which does not fall under our core activities, at an appealing valuation, demonstrates our ability to select and cultivate high-quality investments and make strategic exits. This transaction expands our strategic options and embodies our ongoing commitment to maximizing value and delivering exceptional returns for our shareholders.”