Amanat’s higher education portfolio company NEMA Holding acquires Liwa college of technology

Amanat’s higher education portfolio company NEMA Holding acquires Liwa college of technology

The acquisition of LCT is NEMA’s second transaction of the year, following the acquisition of the remaining 49% stake in Khawarizmi International College (“KIC”), which resulted in NEMA owning 100% of KIC.

Established in 1993, LCT is a major provider in the private higher education space in Abu Dhabi with approximately 1,700 students. The university offers a range of bachelor’s and diploma programs across Business, IT, Media, Health Sciences and Engineering.

The LCT and KIC acquisitions solidify NEMA’s market leading position in Abu Dhabi’s private sector creating a complementary portfolio of assets catering to more than 10,000 students.

Both acquisitions were fully funded by NEMA through a combination of cash and debt.

The expansion of NEMA’s higher education portfolio is in line with Amanat’s strategy of building a leading regional higher education platform. Together with Middlesex University Dubai, 100% owned by Amanat, the platform now comprises the two leading private players in Abu Dhabi and Dubai, jointly serving approximately 14,000 students.

Commenting on the acquisition, NEMA’s Chairman, Dr. Ali Saeed Bin Harmal Al Dhaheri said: “We have been a market leader in higher education, vocational and corporate training in Abu Dhabi for nearly 20 years. The addition of LCT further signifies our commitment to providing