Business · Companies · 6 hrs ago
UAE education company negotiates controlling stake in Saudi school operator
UAE-based Alpha Yaa is negotiating to acquire a controlling stake in Ajialuna Educational, a Saudi school operator.
The deal could value Ajialuna at up to $500 million.
Ajialuna runs 10 schools with more than 17,000 students.
Alpha Yaa operates 15 schools with more than 20,000 students across the Gulf.
Interest in the deal reflects demand for private and international schools in Saudi Arabia, as well as changes that have eased foreign ownership restrictions.
If completed, it would add to Gulf investment in Saudi education.
The negotiations are ongoing, and no completion date is given.
UAE-based Alef Ya is negotiating to acquire a controlling stake in Saudi school operator Ajyalna Educational.
The potential deal values Ajyalna at up to $500 million.
Ajyalna operates 10 schools with more than 17,000 students.
Alef Ya operates 15 schools with more than 20,000 students across the Gulf.
Interest in the deal reflects demand for private education in Saudi Arabia and eased restrictions on foreign ownership.
- Who
- UAE education company Alef Ya and Saudi school operator Ajyalna Educational.
- What
- Alef Ya is negotiating to acquire a controlling stake in Ajyalna, at a potential valuation of up to $500 million.
- When
- Not stated.
- Where
- Saudi Arabia; Alef Ya operates schools across the Gulf.
- Why
- The article cites demand for international schools, market growth and eased restrictions on foreign ownership.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
This story does not have a timeline yet.
- Potential valuation
- Up to $500 million
- Ajyalna schools
- 10
- Ajyalna students
- More than 17,000
- Alef Ya schools
- 15
- Alef Ya students
- More than 20,000
Sources
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