Dubai – Mubasher: Amanat Holdings on Tuesday announced the purchase of a 35% beneficial interest in Abu Dhabi University Holding Company for a total consideration of AED 320.4 million, according to a statement to the Dubai Financial Market (DFM).

Last November, Amanat’s former chairman Faisal Bin Juma Belhoul said that the GCC’s largest investment company, solely focuses on healthcare and education, was planning to invest AED 1 billion in Saudi Arabia and the UAE.

The UAE-based firm had recently unveiled raising its stake in Taaleem Holdings to 21.7% by taking over an additional stake of 5.3% for a total value of AED 52 million.

Amanat Holdings had achieved a net profit of AED 42.3 million during the full-year 2017, compared to AED 38.4 million a year earlier.