Almasar Alshamil Education Set for IPO on Saudi Exchange
Amanat Holdings PJSC, a prominent player in the healthcare and education investment sector, has recently announced an exciting development. Its subsidiary, Almasar Alshamil Education, has received the green light from the Saudi Capital Market Authority (CMA) to proceed with an initial public offering (IPO) on the main market of the Saudi Exchange.
Details of the IPO
The upcoming IPO will consist of 30,720,400 shares, which equates to 30% of Almasar Education’s total share capital. This move marks a significant step for the company, which was previously known as Amanat Education and is fully owned by Amanat Holdings.
What to Expect in the Prospectus
Before the subscription period kicks off, a detailed prospectus will be released. This document will include essential information such as financial statements, insights into the management team, operational details, and potential risk factors associated with the investment. This transparency aims to provide potential investors with a comprehensive understanding of the company’s standing and future prospects.
Almasar Education’s Role in the GCC
Almasar Education is a key provider of educational services within the Gulf Cooperation Council (GCC) region. The company has established itself as the leading private provider of Special Education Needs (SEN) services in Saudi Arabia. Additionally, it operates several higher education institutions across the United Arab Emirates, catering to a diverse student population.
Serving Thousands of Students
Currently, Almasar Education serves over 23,000 students through its extensive portfolio of investments. Among its notable holdings is a 60% stake in the Human Development Company, which specializes in providing SEN education and care services, including medical and rehabilitation support, throughout Saudi Arabia.
The company also fully owns Middlesex University Dubai, the first overseas campus of Middlesex University London. This institution plays a vital role in enhancing educational opportunities in the region.
Strategic Partnerships and Investments
In addition to its stake in Human Development Company, Almasar Education holds a 35% interest in NEMA Holding. This partnership operates Abu Dhabi University and Liwa University across five campuses located in Abu Dhabi, Al Ain, and Dubai. These strategic investments underscore Almasar’s commitment to expanding its educational footprint in the region.
Commitment to Quality and Accessibility
Almasar Education’s strategy is centered on enhancing the quality, accessibility, and affordability of education in sectors that are often underserved. The company’s operations are closely aligned with the broader objectives of both Saudi Arabia and the UAE, aiming to contribute significantly to the development of human capital in these nations.
Impressive Growth Metrics
In the second quarter of 2025, Almasar Education reported that its student and beneficiary numbers surpassed 23,000. The company also experienced a remarkable revenue growth of 23% year-on-year for the six-month period ending June 30, 2025. These figures highlight the company’s robust performance and its potential for future expansion.
Future Growth Strategy
Almasar Education has laid out a clear growth strategy focused on several key areas. This includes expanding its network of centers dedicated to special education needs, increasing enrolments in higher education, and exploring opportunities to branch into residential SEN services. This proactive approach positions the company well for continued success in the evolving educational landscape.
As Almasar Alshamil Education prepares for its IPO, the market will be watching closely to see how this investment opportunity unfolds and what it means for the future of education in the region.
