Saudi Arabia’s Alkhabeer Acquires Stakes in UAE

Image Courtesy: www.arabianbusiness.com

Saudi Arabia-based Alkhabeer Capital has gained a 100 percent value school in Dubai-based Capital School and Khobar-based Azezeyah non-public school, the organization declared on Sunday.

Also, AlKhabeer has gained a 90 percent stake in the Riyadh-based Tanmiyah Company.

Every one of the ventures was finished through Alkhabeer's Education Private Equity Fund II and Alkhabeer Education Private Equity III, bouth of which was propelled in the final quarter of 2018.

The acquisitions structure starting parts of the association's educational portfolio, which is gone for K-12 foundations all through the GCC.

“We are thrilled to announce these acquisitions in leading educational institutions, which represents the latest example of our continual effort to invest in promising, dynamic companies and industries,” said CEO Ahmed Saud Ghouth.

Ghouth added, “Alkhabeer’s educational portfolio will enable us to contribute to the development of the education sector as it is a vital industry and is supported by strong fundamentals and economic incentives.”

Azezeyah is a non-public school that has been working for more than 35 years in Khobar's Qurtoba District, while Capital School is in Dubai and has a complete limit of 2,300 students.

Tanmiyah, as far as it matters for its, was built up in 2005 and works for five schools with an all out limit of 7,00 students crosswise over 11 grounds.

This news was previously published on: www.arabianbusiness.com