(MENAFN) Amanat Holdings declared its stake in Taaleem Holdings to have risen up to 21.7% for an overall investment of Dh52 million.

Amanat has obtained ownership of 16.34% in Taaleem Holdings for Dh146 million in April 2016, thus, the recent increase signifies a 5.3% extra stake in the education provider marking Amanat as the prime shareholder in it.

Amanat Holdings Chairman Hamad Al Shamsi announced "today, we are further strengthening this partnership through acquiring a bigger stake in Taaleem and I look forward to exploring the next potential growth opportunities together."

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