Sunday 9 August 2020

Amanat appoints Shuaa unit as liquidity provider

DUBAI, November 20, 2019

Amanat Holdings, a top healthcare and education investment company has appointed Shuaa Capital International, a subsidiary of Shuaa Capital, as a liquidity provider for its shares following approval from the Dubai Financial Market.

Shuaa will act independently of Amanat within the defined parameters of their agreement and in accordance with the regulatory requirements as a liquidity provider starting 20 November 2019.

Tristande Boysson, chief executive officer of Amanat said: “We continue to be committed to creating value for our shareholders and the appointment of a liquidity provider will support us in doing so. The purpose of this agreement is to enhance the liquidity of Amanat shares and support shareholder value by reducing the impact of volatility and improve trading parameters for existing and potential investors.”

Shuaa Capital International through its liquidity provision services helps to maintain tight spreads, increase trading volumes, reduce transaction costs and lower volatility, reducing the overall liquidity risk discount to the price of listed shares of issuers. – TradeArabia News Service


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