Saudi Arabia-based Alkhabeer Capital has acquired a 100 percent equity school in Dubai-based Capital School and Khobar-based Azezeyah private school, the company announced on Sunday.
Additionally, AlKhabeer has acquired a 90 percent stake in the Riyadh-based Tanmiyah Company.
All the investments were completed through Alkhabeer’s Education Private Equity Fund II and Alkhabeer Education Private Equity III, bouth of which were launched in the fourth quarter of 2018.
The acquisitions form initial components of the firm’s educational portfolio, which is aimed at K-12 institutions throughout 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 private school that has been operating for over 35 years in Khobar’s Qurtoba District, while Capital School is in Dubai and has a total capacity of 2,300 students.
Tanmiyah, for its part, was established in 2005 and operates five schools with a total capacity of 7,00 students across 11 campuses.
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