{"id":108022,"date":"2025-10-01T00:00:00","date_gmt":"2025-10-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/amanat-holdings-almasar-education-is-gearing-up-to-debut-a-30-stake-on-tadawul\/"},"modified":"2025-10-01T00:00:00","modified_gmt":"2025-10-01T00:00:00","slug":"amanat-holdings-almasar-education-is-gearing-up-to-debut-a-30-stake-on-tadawul","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/10\/01\/amanat-holdings-almasar-education-is-gearing-up-to-debut-a-30-stake-on-tadawul\/","title":{"rendered":"Amanat Holdings\u2019 Almasar Education is gearing up to debut a 30% stake on Tadawul"},"content":{"rendered":"

Almasar Education gets the all-clear for a Saudi IPO: <\/strong>Almasar Education (formerly known as Amanat Education) \u2014 the schools arm of Dubai-listed private equity firm Amanat Holdings \u2014 secured approval from the Saudi Capital Market Authority (CMA) to float a 30% stake, or 30.7 mn shares, on main market Tadawul, according to two separate statements (here, pdf<\/a> and here<\/a>). While no timeline was given for the offering, CMA approvals are typically only valid for six months.<\/p>\n

(**Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Almasar Education operates across Saudi Arabia and the UAE<\/strong>, serving more than 23k students. Its portfolio includes: Human Development Company (60% owned), the largest private provider of special education needs in Saudi Arabia, covering education, medical and rehabilitation services; Middlesex University Dubai (100% owned), the first overseas campus of Middlesex University London; and NEMA Holding (35% owned), which runs Abu Dhabi University and Liwa University across five campuses in Abu Dhabi, Al Ain and Dubai.<\/p>\n

Refresher: <\/strong>Amanat\u2019s planned IPO of Almasar Education was expected to raise around USD 300 mn<\/a>. Amanat had tapped SNB Capital in November 2024 to arrange the listing, which has been in the works since May 2024<\/a>, when Amanat announced plans to carve out its education platform into a separate holding company. Its board discussed the proposal that July<\/a>, and Almasar was formally launched<\/a> as a standalone brand in March 2025, with headquarters in Riyadh.<\/p>\n

In context: <\/strong>Analysts have cautioned<\/a> that larger regional IPOs slated for earlier this year could face delays amid geopolitical risks and softer investor sentiment, even as the wider Tadawul pipeline holds up.<\/p>\n

1H performance + outlook: <\/strong>Almasar reported a 23% y-o-y jump in its 1H 2025 revenue, with student numbers and beneficiaries rising to more than 23k, according to the disclosure. <\/p>\n

What\u2019s next for Almasar: <\/strong>The company is looking to expand its network of education centers and boost higher education enrollments, while also exploring new offerings including residential facilities for special needs education. <\/p>\n

Not the only Amanat IPO in the cards: <\/strong>Earlier in 2023, Amanat was said to have tapped EFG Hermes and First Abu Dhabi Bank (FAB) to prepare a potential listing of its healthcare arm, which could see it raise about USD 200 mn in IPO proceeds. <\/p>\n

ALSO IN THE IPO PIPELINE: <\/strong><\/p>\n