National Investment Bank EFG Hermes, a subsidiary of EFG Holding Group, launched the Saudi Education Fund (SEF) worth $300 million.
The new fund aims to build a world-class educational operator in Saudi Arabia to take advantage of the market opportunity that appears through the increasing growth in the number of private school students, which is expected to double during the coming period.
The Saudi Education Fund (SEF) is entering into final agreements with the GFH Financial Group to acquire the portfolio of international schools owned by private investment funds managed by GFH under the Brights Education brand, according to a statement.
This portfolio includes 4 schools in Saudi Arabia, two schools in the Emirates, and one in Bahrain, with a total capacity of approximately 12,000 students, with about 8,000 students currently registered.
