Dubai’s Amanat agrees to sell Middlesex University Dubai

Dubai’s education and healthcare investment firm Amanat Holdings has agreed to sell Middlesex University Dubai to Study World Education Holding Group.

In an update listed on Dubai Financial Market’s (DFM) website, Amanat has confirmed that it has signed a sale and purchase agreement with Study World.

“The transaction is subject to the satisfactory completion of customary conditions, including regulatory approvals and estimation of final consideration,” the update on DFM’s website read.

“Amanat will update the market if and when there are any material developments in this regard in accordance with the disclosure and transparency rules.”

However, the value of the transaction was not disclosed.

The Middlesex University Dubai campus was opened in January 2005, and has over 3,500 students from more than 100 nationalities.

In 2018, Amanat Holdings acquired a 35 per cent stake in Abu Dhabi University Holding Company (ADUHC).

Read: Dubai’s Amanat acquires 35% stake in Abu Dhabi University Holding