Arab Finance: The Spark Education platform, the school operator from the kindergarten high school, has announced the high -growth in the Kingdom of Saudi Arabia, and owned by the Saudi Education Fund «SEF», which is run by EFG Hermes, has entered into final agreements to acquire a majority stake in international life peaks schools in Riyadh.
The acquisition is a strategic step for the platform towards enhancing its position in the Saudi market, and it comes after its recent acquisition of four other schools in the Kingdom, and the Spark Education platform will focus on enhancing the school's growth by transferring it to a new school sanctuary, which will increase the capacity of the school with more than 50%.
This strategic investment is in line with the expansion plan for the Spark Education platform in the region. By adding “the peaks of life” to its portfolio, the Spark platform for education enhances its task to provide high -level international education in the Kingdom of Saudi Arabia, based on its extensive experience in developing and developing schools with promising capabilities. The leadership team leadership team will continue in the administration to benefit from their experiences in promoting the development and sustainable growth of the school.
It should be noted that in November 2024, EF V Hermes announced the launch of the Saudi SEF Fund, which is worth $ 300 million; With the aim of establishing a global education developer in the Kingdom of Saudi Arabia.
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