Amanat Holdings elected Mr. Hamad Abdulla Alshamsi as Chairman

23/11/2017 11:07 AST

The Board of Directors of Amanat Holdings PJSC, the GCC's largest Healthcare and Education Investment Company, has today elected Mr. Hamad Abdulla Alshamsi as Chairman and Dr. Shamsheer Vayalil as Vice Chairman and Managing Director of the company.

The board gave a clear vote of confidence in the new Chairman and Vice Chairman to grow the business by identifying new opportunities to deploy Amanat's capital through strategic and timely investments in the healthcare and education sectors in the UAE and across key international markets.

The election of the new Chairman and Vice Chairman follows the appointment of four new board directors at Amanat's general assembly meeting held on November 16, 2017. The new board members include: H.E. Hamad Rashed Nehail Alneaimi, Mr. Hamad Abdulla Rashed Obaid Alshamsi, Mr. Mohamed Thaaloob Salem Hamad Alderei and Dr. Shamsheer Vayalil. Dr. Shamsheer brings a wealth of expertise and experience in the healthcare sector and as Chairman and Managing Director of VPS Healthcare, has transformed the company into a leading global integrated healthcare services provider with a growing presence across the GCC, Europe and India.

Commenting on the resolutions of the board meeting, the newly appointed Chairman of the Board of Amanat, Mr. Hamad Abdulla Alshamsi said: "I would like to thank the previous board members for their contributions and hard work over the last three years. Amanat is in a great position from which the new board and management team will look to actively pursue a mandate to deliver outstanding healthcare and education services in the GCC region and internationally."

"The new board members bring considerable strength and depth to Amanat's proposition, particularly on the successful deployment of capital in a timely and appropriate manner. I look forward to guiding the board and the company on the next phase of its path to growth." Dr. Shamsheer Vayalil added: "Amanat has the potential to become a game changer in healthcare and education, not only in the UAE but on the global stage.

"Both sectors are ripe for investment and with Amanat's strong financial position, now is the time to implement a strategic and ambitious financial deployment plan that will unlock further value for shareholders. I look forward to playing an active role in driving the business forward at this exciting time."

Press Release