Economy Country November 18, 2024

EFG Hermes Launches $300M Saudi Education Fund

EFG Hermes announces the launch of a $300 million education fund aimed at building a premier educational operator in Saudi Arabia, expanding its investment portfolio in the GCC region.


EFG Hermes Launches $300M Saudi Education Fund

The company EFHermes, specializing in managing educational funds, has announced its intention to improve access to high-quality education, providing better educational opportunities for students. The simultaneous effort will focus on expanding access to advanced educational opportunities.

The General Director of EFHermes, Karim Moussa, expressed his enthusiasm regarding the first investment fund of the company in Saudi Arabia and the countries of the Soviet Union cooperating with Arab states. The fund represents a significant and diverse investment portfolio, which marks an important step in investing in the region.

In 2018, the educational fund EFHermes was launched under the name Egyptian Education Platform (EEP) in Egypt. Since its establishment, the company has made progress in transforming, developing, and integrating a diverse portfolio, including 25 activities across the entire Arab Republic of Egypt.

This portfolio includes 23 schools and kindergartens, offering five different educational programs: American, British, International Baccalaureate (IB), Montessori, and the national program of Egypt, servicing around 25,000 students. Also included is the commercial educational content direction 'Taleem Weapon,' servicing around 3-4 million students annually, and a specialized transport service 'Option Travel,' ensuring daily transportation for more than 3,000 students.

EFHermes Investment Bank announced today the launch of the Saudi Education Fund (SEF) valued at 300 million dollars aimed at establishing a world-class educational operator in Saudi Arabia.

The implementing director of GFH Akvityz, Khaldoun Hadh Hassan, noted that Bright Minds for Education is an excellent and innovative educational platform, encompassing the Gulf countries, offering a unique educational experience. The joy consists for GFH Financial Group in the partnership with EFHermes, drawing from their successful experience in the field of education, with the aim of continuing the path of development for Bright Minds for Education.