Amanat approves distributing 150 million dirhams of cash dividends for 2021
Amanat Holding Company, operating in the healthcare and education sectors in the Gulf Cooperation Council countries, announced that the company will hold its annual general assembly remotely for the fiscal year ending in 2021.
highest profit
The company stated in a statement that the shareholders approved, during the meeting, all decisions, including the consolidated financial statements for the fiscal year ending on December 31, 2021, and the Board of Directors' recommendation to distribute cash dividends of 6 fils per share for the year ending in December 2021.
The company revealed that it will distribute the highest cash dividend in the history of “Amanat” at a value of 150 million dirhams for the fiscal year 2021.
Net profit
The company stated that it achieved a net profit of 280.8 million dirhams, an increase of 28 times compared to 2020, to achieve the highest level of profitability since its inception, pointing out that the growth was supported by remarkable progress in terms of the company's strategy, which aims to maximize the value of its investments in the long term. in education and healthcare platforms.
Healthcare
The healthcare platform achieved profits of 40.6 million dirhams in 2021, compared to losses estimated at 49.5 million dirhams in 2020.
The annual income growth rate from Amanat’s investment portfolio in the education sector reached 4%, to record 98.4 million dirhams during 2021, supported by the noticeable increase in the number of enrolled students and the growth in the share of market investments.
transformative year
Hamad Al Shamsi, Chairman of the Board of Directors of Amanat, said: “We have successfully concluded a transformative year in the history of (Amanat), as we recorded the highest percentage of returns for our shareholders.
We continue to aggressively pursue sustainable value creation to drive growth in total shareholder returns, whether by investing capital in new investments, or by growing our existing investments in viable businesses with strong returns in the future.”
powerful results
For his part, the CEO of Amanat, Dr. Mohamed Hamadeh, said: “We enter 2022 with renewed confidence based on the strong results we achieved throughout the year 2021, and these results were obtained through the partnership in the vision with the Board of Directors, and the confidence of shareholders in our strategy.”
He pointed out that the remarkable transformation of "Amanat" was not limited to numbers only, but also included structuring investment platforms, developing the work team, and foreseeing the new "Amanat" identity that reflects the team spirit and its vision for the future.
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