Please wait...
GulfBase Live Support
- Gulf Bank hosts tufting, embroidery workshop for red cardholders
- Bahrain All Share Index marks 1,946.89 points
- Bahrain sees robust pipeline of financial institutions: 16 new financial institutions licensed, 52 in progress
- Qatar Insurance company issues USD 500 million Tier II Bond
- 'Results of QSE listed companies to have positive impact on performance'
- Businesses in Japan opt to renovate aging facilities, not build new ones
- MPHC restructures partnership for salt production facility in Qatar
- Dubai school operator Taaleem moves closer to Dh1 billion in 2024-25 revenue
- Saudi Arabia Pledges $25 Bln Investment to Support Africa
- Gamezop to set up regional headquarters in Bahrain
26/03/2018 05:58 AST
GFH Financial Group has announced that its 100 per cent owned subsidiary GFH Capital Limited has agreed to sell its 70 per cent stake in the Dubai-based Philadelphia Private School (PPS), which it acquired in October 2014, to well-known businessman Engineer Nashat Sahawaneh, the school's existing 30 per cent shareholder.
PPS is a K-12 American curriculum school which was founded in 2006 and is valued at more than Dh130 million.
During GFH Capital's ownership, PPS has been accredited by the highly respected New England Association of Schools & Colleges (NEASC) and the school is also accredited by AdvanceEd.
The school currently has around 1,500 students, a 20 per cent increase from the time GFH Capital acquired the School and despite slower economic growth in Dubai during the latter part of the holding period.
PPS has delivered a return of over 33 per cent during its three-year investment period.
Hisham Alrayes, CEO of GFH, said: "We are pleased to announce another successful exit for the group and our investors from our well-performing regional education portfolio, which is built on the strong and growing demand in the GCC for international standard education. We believed the education sector in the UAE and the GCC, as a key sector, would be resilient and deliver solid, steady returns despite the recent economic challenges. We are delighted with the value we have been able to create both for the School and our investors during the hold period. We will continue to work to maximise the performance of our remaining education assets and focus on identifying similar income-generating opportunities in defensive sectors for the benefit of our investors and shareholders as we go forward."
In December 2017, GFH achieved another successful exit from its education portfolio with the $150 million acquisition of half of the group's regional education assets by Inspired, a leading global group of premium schools operating in Europe, Africa, Latin America and Australia.
Trade Arabia
28/03/2018
GFH Financial Group (GFH) today announced that its shareholders have approved the distribution of 8.72 per cent cash dividends totalling $85 million.
The approval came at the conclusion
Trade Arabia
05/03/2018
GFH Financial Group said on Sunday its recent partnership with Bahrain Fintech Bay (BFB) as a founding partner of a fintech hub in the Middle East and Africa (Mena) region will drive innovation and c
Gulf News
28/02/2018
Gulf Finance House said it plans to hold its extraordinary general meeting and annual general assembly meeting on March 20.
"If the required quorum is not available, a second meeting will
Gulf News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.00 | -0.10 (-0.03 |
| FAB | 16.90 | -0.28 (-1.63 |
| EMIRATESNBD | 23.60 | 0.30 (1.28 |
| ADCB | 13.66 | 0.40 (3.01 |
| ADIB | 21.66 | 0.06 (0.27 |
04/07/2025
In line with its ongoing commitment to enriching the youth experience, Gulf Bank recently organized a creative workshop on tufting and embroidery arts for its red cardholders, in collaboration with t
Kuwait Times
04/07/2025
Qatar Insurance Company Q.P.S.C. (QIC) announced that it has successfully issued a USD 500 million subordinated perpetual Tier II capital bond with a fixed coupon of 6.15%.
The issuance was
Gulf Times
04/07/2025
Mesaieed Petrochemical Holding Company (MPHC) is pleased to announce a significant update following our previous announcement on 23rd September 2024. The parties has reached a mutual agreement for th
The Peninsula
04/07/2025
The Dubai headquartered school operator Taaleem is moving closer to generating revenues of over Dh1 billion for its current financial year. In the first nine months, the company's cleared revenues of
Gulfnews
04/07/2025
Americana Restaurants International, a leading quick-service and casual dining operator across the Mena region and Kazakhstan, has signed an exclusive franchise agreement with carpo - a premium Greek
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia