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Amanat reports AED 14.54bn losses since incorporation

Amanat reports AED 14.54bn losses since incorporation
Amanat
AMANAT
-0.97% 1.02 -0.01

 

Dubai – Mubasher: Newly-listed Amanat Holdings has announced its financials today, Thursday, February 12, 2015, for the period from November 17 till December 31, 2014, reporting a loss of AED 14.5 million ($3.95 million).

Loss per share (LPS) reached AED 0.0058 during the period.

Total operational expenses reached AED 16 million, whereas revenues from interest reached AED 1.53 million.

Amanat Holdings was incorporated in November 2014 by a group of 37 local and international investors. The Company was listed on the Dubai Financial Market (DFM) on Sunday, November 30, 2014, marking the DFM’s third listing in the year.

Amanat operates in the health care and educational sectors added some diversified financial services. Its capital amounts to AED 2.5 billion divided on 2.5 billion shares at par value AED 1 per share.