Dubai – Mubasher: The GCC’s leading healthcare and education investment firm Amanat Holdings announced a group of optimisation initiatives to capitalise on its strategic objectives by strengthening its balance sheet and identifying growth opportunities amid the coronavirus (COVIV-19) outbreak.

“The strategy’s top priority is to increase Amanat’s top line and to utilise cost reduction opportunities,” according to a statement to the Dubai Financial Market (DFM) on Wednesday.

The company’s vice chairman and managing director, Shamsheer Vayalil, said, “The crisis has brought on operational and structural challenges and we believe it is prudent to take difficult initiatives through these unprecedented times.”

The senior official revealed that the senior management team has voluntarily cut compensation as part of a group of initiatives being released.

Amanat succeeded in trimming its cost base by reducing a number of expenses and overheads, the company’s CEO Mohamad Hamade pointed out.

“Our main aim is not only to rationalise our cost base, but to optimise our operations, grow our top line and enhance shareholder returns,” Hamade noted.