GFH Capital, a subsidiary of Bahrain based Gulf Finance House, announced the signing of the acquisition of a Dubai-based American curriculum Private School, which is valued at $34 million.
The Private School offers K-12 education to the population of Dubai and other Northern Emirates. The school currently serves a fast growing base of nearly 1,300 students and has registered in excess of 20% growth in student numbers over the past four years. Education is a key sector in the Gulf region, where demand for high quality, international standard education continues to expand.
Commenting on the acquisition, Mr. Hisham Al Rayes, Managing Director of GFH Capital, said, “We are delighted to announce the signing of this promising transaction in Dubai. The school has achieved strong growth in student enrolment and we expect this trend to continue over medium to long term. Increased economic activities, growth in the population of Dubai and increased parental willingness to pay for high quality education make this sector attractive for investment. We will continue to invest in additional cash yielding opportunities with similar growth potential.”
Mr. Al Rayes added, “We believe the education sector in Dubai will continue to perform strongly. This investment is in line with GFH Capital’s strategy to acquire cash yielding businesses in defensive sectors in markets with strong growth potential.”
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