Amanat Holdings PJSC (DFM:AMANAT) acquired 60% stake in Human Development Company for an approximately SAR 270 million on October 28, 2022. The consideration will be paid initial consideration of about SAR 220.3 million and as well as a contingent consideration of up to SAR 47.1 million payable subject to future earnings growth. HDC has presence across 6 provinces and caters to over 3,000 beneficiaries through a network of 9 schools, 22 daycare centers and specialized rehabilitation medical clinics.

Amanat Holdings PJSC (DFM:AMANAT) completed the acquisition of 60% stake in Human Development Company on October 28, 2022.