CVC Capital Partners deal would value GEMS Education at more than $4bn
GEMS Education
Dubai
Dubai Police slams GEMS school over lockdown ‘incident’
GEMS Wellington Academy stands accused of causing ‘unnecessary panic’ among parents
Dubai
Dubai’s GEMS Education JV acquires Saudi Arabia’s largest schools operator
New JV is planning to build around 50 new schools in the kingdom
Ban Ki-moon
Dubai’s Gems signs former UN chief Ban Ki-moon as ambassador
Gems Education announces that Ban Ki-moon has accepted the ambassadorship for next three years
Blackstone Group
Dubai’s GEMS Education said to bid for top Saudi school chain
The GEMS Education deal for the largest owner and operator of private schools in the kingdom could be worth about $400m
Abu Dhabi
Is the UAE learning a valuable lesson on school fees?
High school fees is something many expats accept as one of the downsides of living in the UAE, but the days of yearly increases and long waiting lists appear to be over, as education operators begin to adjust to the new economic landscape
Dino Varkey
Dubai’s GEMS exercises option to buy stake in Egyptian schools
Under agreement with EFG Hermes, GEMS plans to acquire more than 30 schools in Egypt over next five years
Ajman
Solidere’s $60bn Al-Zorah development in Ajman to take 15 more years
The Al-Zorah development has downsized the number of residents it aims to accommodate from 200,000 to 50,000
Dubai education
Dubai education providers at ‘tipping point’ with increase in schools
The increase in schools comes even after Dubai imposed a freeze on school-fee hikes
Dino Varkey
GEMS completes repayment of inaugural sukuk
The November 2013 sukuk represented the company’s first access to international capital markets
2018 Future Investment Initiative
GEMS Education announces $800m deal for Saudi school network
The joint venture between GEMS and Hassana Investment Company is expected to accommodate 130,000 students and create 16,000 jobs
GEMS Education
GEMS founder Sunny Varkey adds $1.4m to Kerala aid fund
GEMS Education chairman commits $1.4m to the committee formed by the UAE to support emergency relief and rehabilitation work in Kerala
Education provider
GEMS’ planned London IPO said to be shelved
GEMS owns and operates 47 schools and nurseries in the Middle East
Blackstone Group
GEMS Education to freeze salary increases for teachers
The education provider has is also reportedly planning to delay an IPO after Dubai moved to cap school fees
Blackstone
Dubai’s GEMS said to delay IPO amid freeze on school fees
Sources say school operator is studying the potential impact on its earnings projections following a decision to keep private school fees unchanged for a year
GEMS Education
Dubai’s GEMS Education said to choose London IPO over stake sale
Dubai-based GEMS Education may announce plans as early as this week to list in London
GEMS Education
GEMS unveils scholarships worth $2.7m in tie-up with Canadian University
Agreement is first under the UniConnect programme announced by GEMS last year
