ALKHABEER Capital, a prominent asset management company specializing in alternative investments, announces that it has successfully acquired 100% equity stakes in Dubai-based Capital School and Khobar-based Azezeyah, as well as acquiring a 90% equity stake in Riyadh-based Tanmiyah Company through its Funds, Alkhabeer Education Private Equity Fund II and Alkhabeer Education Private Equity III.
These acquisitions form the initial components of Alkhabeer’s Educational Portfolio, which is expected to own and manage best-in-class K-12 education institutions across the GCC. Alkhabeer Capital aims at developing 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 two new funds launched by Alkhabeer in Q4 2018: Alkhabeer Education Private Equity Fund II and Alkhabeer Education Private Equity III.
Ahmed Saud Ghouth, CEO of Alkhabeer Capital, said: “We are thrilled to announce these acquisitions in leading educational institutes, which represents the latest example of our continual efforts to invest in promising, dynamic companies and industries. 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 the Qurtoba District in Alkhobar, KSA, with a capacity of approximately 2,000 students. Capital Schools is a private school in Dubai, UAE, with a total capacity of 2,300 students. Tanmiyah School, established in 2005, operates five schools in Riyadh with a total capacity of 7,000 students across 11 campuses.
The acquisitions mark the latest milestone for Alkhabeer Private Equity, which has emerged as a trusted partner to its investors. It is worth noting that Alkhabeer Capital has been named ‘Best Private Equity Company in Saudi Arabia’ for two consecutive years.
Alkhabeer Capital, headquartered in Jeddah, specializes in alternative investments and investment services. It is authorized by the Capital Market Authority.— SG