Amanat Holdings has announced that its Board of Directors will convene for the first time today, Sunday, November 30, 2014 at 2 pm to tackle the Company’s budget for the year 2014/2015.

Amanat, which commenced its first trading session today on the Dubai Financial Market (DFM) revealed, that it will also discuss its employee incentive scheme, the proposed management powers and authorities, added to appointing committees emerging from the Board of Directors.

Earlier today, the healthcare and education company announced its losses for the period since its incorporation till November 16, 2014, which amounted to AED 11.5 million ($3.13 million).

Pre-incorporation expenses amounted to AED 12.5 million, whereas interest revenues have amounted to AED 1.04 million, the firm’s statement to the DFM revealed, adding that the Company was formed by a group of 37 local and international investors at a capital reaching AED 2.5 billion. The Company is to operate within the healthcare and education sectors.