By Staff writer
Invesment company says education sector is ripe for growth amid rising demand for world-class facilities
GFH Capital, a subsidiary of Bahrain's GFH Financial Group, has announced that it has agreed to acquire a majority stake in a Dubai-based private school.
The company said it will buy an 80 percent stake in the school which was established in 2004 and is located close to Sharjah.
Over 1,600 international students are currently enrolled at the unnamed school which has reported steady growth in enrolment year on year.
Hisham Alrayes, managing director of GFH Capital, said: "We are delighted to grow our education portfolio with the acquisition of another leading private school in Dubai.
"The need and willingness of parents to spend on world-class education, coupled with economic and population growth in Dubai, makes this sector and transaction an attractive one that is expected to provide GFH Capital and our co-investors with high yield and double digit returns."
GFH said its strategy is focused on investing in cash yielding opportunities in sectors, such as education, that have sound growth potential.
In May 2014, GFH Capital acquired a Dubai based, American curriculum private school offering K-12 education to a student body of more than 1,300 pupils.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.