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Amanat Holdings appoints new chairman, managing director

Hamad Abdulla Alshamsi has been elected as chairman of Amanat's board of directors, while Dr Shamsheer Vayalil has been appointed as vice chairman and the company's managing director

Sheikh Abdulla Khalifa Al Khalifa is among the new members elected to Amanat's board of directors.
Sheikh Abdulla Khalifa Al Khalifa is among the new members elected to Amanat's board of directors.

Healthcare and education investment company, Amanat Holdings PJSC, has announced the appointment of Hamad Abdulla Alshamsi as the new chairman of its board and Dr Shamsheer Vayalil as the new vice chairman.

Vayalil has also been appointed as the company’s new managing director.

In a statement, the Dubai Financial Market-listed company said that its board of directors has expressed confidence that Alshamsi and Vayalil will “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 Alshamsi and Vayalil followed the appointment of a new board of directors at the company’s general assembly meeting, held earlier this month.

Read: Does the GCC have what it takes to become a global healthcare hub?

Amanat’s new board members are: Sheikh Abdulla Khalifa Al Khalifa, HE Faisal Bin Juma Belhoul, HE Hamad Rashed Nehail Alneaimi, Sheikh Mansoor Bin Mohamed Bin Butti Al Hamed, and HE Mohamed Thaaloob Salem Hamad Alderei.

Commenting on the resolutions of the board meeting, 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.

He added: “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.”

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.”

According to Amanat, 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”.

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Construction Week - Issue 747
Aug 03, 2019