Dubai – Mubasher: Amanat Holdings appointed John Ireland, who has been serving as the Acting CEO since March 2023, as its new CEO, according to a press release.

The Chairman of Amanat, Shamsheer Vayalil, said: “Under John’s guidance Amanat has delivered record financial performance in 2023 and executed several strategic initiatives that will deliver future value to shareholders.”

“I am confident that he is uniquely positioned to execute and deliver on Amanat’s value creation strategy. We look forward to Amanat’s continued success under John’s leadership,” Vayalil added.

Ireland commented: “My focus will be on driving value creation and monetization efforts to deliver long-term, sustainable returns for our shareholders.”

“Amanat’s two distinct platforms, comprising market-leading companies, in the GCC education and healthcare sectors, strongly position us to deliver shareholder value, through continued investments in platform growth and potential monetization of our platforms,” the CEO highlighted.

In December, Vayalil was named as the Chairman of the board in line with Amanat’s commitment to fostering strategic leadership in the rapidly evolving healthcare and education sectors.

Last year, the DFM-listed company generated revenues valued at AED 718.10 million, up 40% from AED 513.10 million in 2022.