The full acquisition gives Amanat Holdings control of a 715-bed healthcare network operated by Cambridge Health.
Dubai: DFM-listed Amanat Holdings has completed the full acquisition of Cambridge Health after purchasing an additional 10.03% stake for AED 105 million.
The deal gives Amanat Holdings full 100% ownership of Cambridge Health, which operates post-acute care, rehabilitation, long-term care, and home healthcare facilities across the UAE and Saudi Arabia.
The acquisition completes a phased transaction in which Amanat gradually increased its stake from around 87% to approximately 90% earlier this month before purchasing the remaining shares to finalise full ownership.
Dr Ali Saeed bin Harmal Aldhaheri, Chairman of the Board of Directors at Amanat Holdings, said that completing the full acquisition of Cambridge Health represents a defining milestone for the company and reflects its strategic commitment to one of the most promising healthcare businesses in the GCC.
He added that the group’s investments across its network—from Khobar to Jeddah, and from Abu Dhabi to Al Ain—are already delivering results, noting that full ownership provides a stronger platform to further accelerate future growth.
Cambridge Health currently operates six facilities with a combined capacity of 715 beds and employs more than 1,200 healthcare professionals. The group is targeting expansion to over 1,000 beds in the near term through new developments, facility expansions, and strategic acquisitions.
The acquisition comes amid rising demand for post-acute and rehabilitation healthcare services across the GCC, driven by demographic shifts, greater healthcare specialisation, and continued investment in medical infrastructure.
Cambridge Health reported its strongest financial performance in 2025, with revenue rising 11% year-on-year to AED 404 million. Earnings before interest, taxes, depreciation and amortisation (EBITDA) also increased by 14% to AED 100 million, according to Amanat Holdings.
In the first quarter of 2026, Cambridge Health recorded strong growth, with revenue rising 27% year-on-year, EBITDA increasing 49%, and profit surging sixfold compared to the same period last year.
The company said full ownership will enable it to accelerate expansion plans and develop additional healthcare services.
Its facilities include Cambridge Hospital Khobar, a 150-bed long-term care and rehabilitation centre opened in November 2024, and Cambridge Hospital Jeddah, which has expanded to 200 beds following refurbishment.
The Jeddah facility is also undergoing a AED 100 million expansion project that will add 70 beds, along with new outpatient and surgical services.
Other facilities include Cambridge Health’s Cambridge Hospital Dhahran, which has expanded its rehabilitation capacity to 70 beds, as well as Cambridge Hospital Abu Dhabi, where refurbishment and expansion work has been completed. Cambridge Hospital Al Ain is also currently undergoing upgrade works.
Amanat Holdings’s latest investment activity includes the acquisition of minority stakes in Cambridge Hospital Jeddah by Cambridge Health for AED 54 million, resulting in full ownership of the facility.
The company also declared a record dividend of AED 175 million to shareholders, equivalent to 7 fils per share.
Amanat Holdings said its total capital deployed and commitments in 2026 have exceeded AED 285 million, in addition to previous strategic investments of more than AED 500 million across the Cambridge Health network.
John Ireland said the acquisition marks a significant milestone for the company, reflecting confidence in Cambridge Health and its long-term commitment to expanding post-acute care across the GCC. He noted that with a current capacity of 715 beds and a clear pathway to more than 1,000 beds, the group is well positioned for its next phase of growth across the UAE and Saudi Arabia.
Amanat Holdings also said the transaction is expected to generate approximately AED 9 million in additional annual net profit attributable to shareholders.
