Education investment firm Al Najah Education Limited has acquired a majority stake in Dubai-based Brooklyn Melodies Music Centre, further expanding its portfolio in the MENA and Southeast Asia regions.
As part of the deal, the two founding shareholders of BMMC will remain as shareholders, a statement said, adding that the acquisition expands Al Najah’s network to 36 institutions, including schools and nurseries. No value was given for the deal.
The new development in Al Najah’s expansion program marks its maiden entry into the music training sector, a move that will see the company diversify its offerings for customers and stakeholders, the statement said.
BMMC, a Knowledge and Human Development Authority-approved learning institute, has eight branches across Dubai currently serving over 2,500 students, both children and adults, offering individual and group training in music and ballet, and a ninth outlet selling musical instruments in Dubai Mall.
Shailesh Dash, chairman of Al Najah, said: “As investors in education, we are constantly looking for opportunities that not only increase our shareholder value, but also those that will have a positive and meaningful impact in the societies we operate in.”
BMMC director Laith Michel added: “This is indeed an important deal for BMMC. Our partnership with Al Najah Education will now give us access to a wider market, and a solid set up for expansion into new markets.”
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