Abu Dhabi Sheikh Is Said in Talks to Buy Stake in Amanat

  • Firm backed by Sheikh Tahnoon in early talks on investment
  • Emirate acquiring holdings in strategic industries amid virus

Abu Dhabi

Photographer: Christopher Pike/Bloomberg
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A company backed by a member of Abu Dhabi’s royal family is in talks to buy a stake in Amanat Holdings PJSC, an investment firm with interests in health and education, according to people with knowledge of the matter.

One of the businesses led by Sheikh Tahnoon Bin Zayed Al Nahyan is in early-stage discussions to invest in Amanat, which has a market value of about $523 million, the people said. It wasn’t immediately clear which entity Sheikh Tahnoon would use for the potential transaction, according to the people, who asked not to be identified because the information is private.