GFH Financial Group (“Group”) is pleased to announce the entering into definitive agreements with the Saudi Education Fund (SEF), which is managed by EFG Hermes, the investment bank vertical of EFG Holding, for the acquisition of Britus Education, a leading K-12 education platform operating international schools that spans across the GCC and MENA managed by the Group with a market value of more than USD 200 million. The portfolio includes four schools in Saudi Arabia, two in the UAE, and one in Bahrain with a total capacity of approximately 12,000 students, with nearly 8,000 students currently enrolled.
This Investment is expected to reflect positively on the Group’s financials and increase the returns for the Group.