Dubai –   Amanat Holdings on Wednesday revealed it has acquired a 100% stake in Middlesex University Dubai for AED 369 million with an additional potential earn-out of up to AED 73 million.,

Middlesex University Dubai was established in 2005 to be the first overseas campus of the internationally renowned Middlesex University in London outside the UK, Amanat said in a statement to the Dubai Financial Market (DFM).

The university has nearly 3,000 students from over 100 nationalities and is licensed and regulated by the Dubai Government’s Knowledge and Human Development Authority (KHDA).

“Middlesex University Dubai offers foundation, undergraduate and postgraduate degree programs in Business, Law, Art, and Design, Science and Technology, Health and Education, and Media,” according to the statement.

Middlesex University Dubai provides students with while living in the heart of Dubai, using one of the most exciting and vibrant cities in the world

Moreover, the university will provide students of Dubai the opportunity to obtain a top-quality UK degree by following the same validation and monitoring system as the London campus.

“The acquisition of Middlesex University Dubai represents another milestone for Amanat, marking our sixth portfolio company. Having successfully acquired 100% of the University and deployed 73% of our capital, Amanat demonstrates its commitment to a more active investment strategy,” chairman of Amanat Hamad Abdulla Al Shamsi commented.

“Middlesex University Dubai is Amanat’s third investment in 2018, with AED 1.1 billion of capital deployed so far this year,” vice chairman and managing director of Amanat Shamsheer Vayalil said.

In June, Amanat announced signing an initial agreement with The Abraaj Group for acquiring the private equity firm’s stake in Middlesex University’s Dubai campus for about $100 million.

In July, the GCC’s largest healthcare and education investment said that it is not an investor in The Abraaj Group, including the projects and funds managed by the ailing private equity firm.

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