Amanat Holdings has completed the full acquisition of Cambridge Health Group (CHG) after purchasing an additional 10.03 percent stake for Dh105 million, bringing its ownership of the healthcare provider to 100 percent.
The latest transaction follows the acquisition of an additional 3 percent stake earlier this month and concludes a phased investment strategy that has seen Amanat steadily increase its shareholding in CHG over recent years. The company said full ownership will allow it to move more quickly with expansion plans and strengthen CHG’s position across the Gulf region.
The acquisition comes as demand for post-acute care, rehabilitation and long-term healthcare services continues to rise across the GCC. Industry growth has been supported by changing demographics, increasing healthcare specialization and continued investment in medical infrastructure.
CHG reported its strongest financial performance to date in 2025. Revenue increased by 11 percent year-on-year to Dh404 million, while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 14 percent to Dh100 million. Growth continued into the first quarter of 2026, with revenue climbing 27 percent, EBITDA increasing 49 percent and profit rising six-fold compared with the same period a year earlier.
The deal is part of Amanat’s wider strategy to increase its exposure to healthcare assets. Earlier this month, the company raised its ownership in CHG to 90 percent after purchasing an additional stake from a minority investor, describing the healthcare group as a central component of its long-term healthcare plans.
The acquisition follows a period of active investment by Amanat. The company recently distributed a record dividend of Dh175 million, acquired minority stakes in Cambridge Hospital Jeddah for Dh54 million and announced a Dh100 million expansion project at the hospital to increase capacity and add outpatient and surgical services.
Over the past several years, Amanat has invested more than Dh500 million across CHG’s healthcare network, with a strong focus on Saudi Arabia. The group currently operates 715 beds across six facilities in the UAE and Saudi Arabia and employs more than 1,200 healthcare professionals.
Key developments include the opening of the 150-bed Cambridge Hospital Khobar in 2024 and the expansion of Cambridge Hospital Jeddah to 200 beds. The Jeddah facility is undergoing a further 70-bed expansion and is adding outpatient and surgical services. Cambridge Hospital Dhahran has expanded from 60 to 70 beds, while facilities in Abu Dhabi and Al Ain have undergone refurbishment and upgrades.
CHG is targeting growth to more than 1,000 beds through a mix of new developments, facility expansions and strategic acquisitions. The company is also broadening its healthcare offerings by introducing additional rehabilitation, outpatient and surgical services.
Dr. Ali Saeed bin Harmal Aldhaheri, Chairman of Amanat Holdings, said the acquisition reflects the company’s confidence in CHG’s leadership, clinical capabilities and future growth potential. Chief Executive Officer John Ireland said full ownership strengthens Amanat’s commitment to post-acute care in the GCC and is expected to add approximately Dh9 million in annual net profit attributable to equity shareholders.
