GFH Capital, the Dubai-based owner of Leeds United football club, has acquired an American curriculum private school in Dubai for $34 million.
GFH Capital is a subsidiary of Bahrain-based Gulf Finance House and was formerly known as Injazat Capital, one of the Middle East’s foremost private equity investors. (The school is not named, but currently serves a base of nearly 1,300 students and has registered in 20 per cent growth in student numbers over the past four years)
GFH Capital is listed in the Middle East Investors Directory with the code SIJ62.
More details follows from Gulf News
GFH Capital, a subsidiary of Bahrain-based Gulf Finance House, on Saturday announced the signing of the acquisition of a Dubai-based American curriculum Private School, which is valued at $34 million (Dh125 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 per cent 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, Hesham 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.”
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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