Dubai | Amanat Holdings PJSC (“Amanat” or the “Company”) (Dubai Financial Market symbol: AMANAT), a leading investment company in the healthcare and education sectors, announced the appointment of Dr. Ali Saeed Bin Harmal Al Dhaheri as Chairman of the Board of Directors, following the Board meeting held on February 12, 2026.

In this context, Dr. Shamsheer Vayalil will step down from his position as Chairman of the Board and his membership on the Board with immediate effect, having served as Chairman of the Board since December 2023, in order to devote himself to pursuing other business interests.

Dr. Ali Saeed Bin Harmal Al Dhaheri has been a member of the Board of Directors of Amanat Holdings since November 2020, and has over twenty years of experience in the fields of education and business. He has founded, launched, and managed a number of successful projects in various sectors, including education, tourism, and real estate. He has also been actively involved in several high-level government initiatives and strategies in the areas of tourism and development, sports, business tourism, exhibitions and conferences, education management, investments, and international trade.

Dr. Shamsheer Vayalil's departure comes after a period of significant success in implementing the company's strategy, which focused on value creation and maximizing shareholder returns. In August, Amanat announced the divestment of one of its educational real estate assets for AED 453 million, realizing an unfunded cash return of 1.7 times. The company also successfully listed its educational subsidiary, Al Masar Al Shamel Education Company, on the Saudi Stock Exchange's main market, raising SAR 599 million and achieving a cash return exceeding 2.2 times, with shares currently trading above their offering price.

Dr. Ali Saeed Bin Harmal Al Dhaheri, Chairman of the Board, said: “It is a great honor to be appointed Chairman of the Board of Directors of Amanat Holdings. Through my membership on the Board over the past five years, we have worked to develop Amanat into the leading listed company in the healthcare and education sectors in the region, with our subsidiaries responsible for supporting thousands of patients and students across the GCC. At the same time, we have continued to enhance profitability while maintaining our disciplined focus on creating value and returns for shareholders. I am confident that our clear strategy will ensure the continuation of these positive trends in the coming years, and I would like to thank Dr. Shamsheer Vayalil for his chairmanship of the Board over the past two years.”

Dr. Ali also holds several other prominent positions, including Chairman and Founder of Abu Dhabi University, Chairman and CEO of Nama Education, Chairman of Cambridge Healthcare Group, Managing Director of Bin Harmal Group, and Chairman of Liwa Education and Magna Investment. He also serves on the boards of several listed companies, including Chairman of National International Holding Company. Dr. Ali is the First Vice Chairman of the Abu Dhabi Chamber of Commerce and Industry. He holds an MBA from American University in Washington, D.C., and a PhD from Durham University in the United Kingdom.

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