These acquisitions form the initial components of Alkhabeer’s Educational Portfolio, which is expected to own and manage K-12 education institutions across the GCC.
Saudi-based Alkhabeer Private Equity has acquired 100 per cent equity stakes in Dubai-based Capital School and Khobar-based Azezeyah, as well as acquiring a 90 per cent equity stake in Riyadh-based Tanmiyah Company through Alkhabeer Education Private Equity Fund II and Alkhabeer Education Private Equity III.
Ahmed Saud Ghouth, the CEO of Alkhabeer Capital, said, “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.”
In a statement, Alkhabeer Capital stated that it aims to develop a learning environment of high standards that disperses quality education at affordable prices through handpicked board members.
The companies of the Portfolio will be owned by Alkhabeer Education Private Equity Fund II and Alkhabeer Education Private Equity III in the last quarter of 2019.