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Jeddah, Saudi Arabia - SEDCO Holding Group announced its acquisition of 50 percent stake in the Jeddah-based Al Yusr International Schools (YIS) in a bid to support education and community development efforts.
SEDCO Holding Group CEO Anees Ahmad Moumina and YIS CEO Zamil Al Otaibi have signed the partnership agreement at the Group’s headquarters.
“Education in Saudi Arabia is important and promising, hence it is important to invest in the development of this prominent sector," said Moumina. "YIS offers a gateway to expand our education projects in the future. This partnership complements Saudi Arabia’s Vision 2030, which aims to develop and advance education.”
“YIS invests across promising opportunities for a better future by building good education platforms. Furthermore, we conferred by the AdvancED accreditation and adopted international curriculum with a focus on Arabic language and Islamic studies, in order to ensure a brighter tomorrow for our youth. We are confident that our partnership with SEDCO Holding Group will have a significant role to play in meeting our strategic goals,” said Al Otaibi.
The partnership brings many advantages to the community such as improving education, in line with high international standards. With the educational excellence offered by YIS at different levels, students will be equipped with the knowledge and skills that empower them to successfully carry out their future responsibilities. SEDCO Holding Group will definitely play a key role in the further development and expansion of YIS.
YIS is a private school catering to local and expatriate communities in Jeddah, operating under the supervision of the Ministry of Education and the AdvancED accreditation. AdvancED is the largest community of education professionals in the world, serving 34,000 schools and school systems across more than 70 nations. Located in Al Nahda District (girls section) on 18,677 m2 area, and in Al Shate'a District (boys section) on 5,000 m2 lot, YIS is an ideal place for teaching and learning.
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About SEDCO Holding:
SEDCO, the Saudi Economic and Development Company, is a leading private wealth management organization that conducts its business according to Islamic guidelines widely known as Shari'ah. SEDCO was established in 1976. It manages a wide and diversified spectrum of real estate investments, investments in equities, and other businesses in Saudi Arabia and around the world. It is located in the Red Sea Mall building, Kind Road, Jeddah, Saudi Arabia. Its investees companies have over 6,000 employees. SEDCO Holding Group mainly operates through three lines of businesses: direct investment, real estate investments, and financial investments. Direct investments are in multiple sectors/industries and serve different clients from F&B, to pharmaceutical, auto leasing, real estate, and hospitality. The delivery mechanism varies depending on the target audience of each business and sector.
More information at www.sedco.com
About Yusr International School:
Yusr International schools were established in 2007 in Jeddah, Saudi Arabia by Ms. Aisha Faraj Al-Otaibi with a pioneering & unique mission to provide international education while maintaining the religious beliefs and identity, in order of establishing a promising generation able to simulate the world proud of their origins and identity. The schools were licensed to offer the American curriculum under the AdvancEd american organization umbrella, the schools were fully accredited by this organization twice first in 2012 and second in 2017 with honors, the schools also made partnership with CAMBRIDGE University to provide ESOL, BULATS, and IMAT standardized tests to ensure quality education. Keeping up with the vision of the kingdom 2030 the schools created their 2020 vision for further development, professionalism and expansion beginning that with the transition to smart education by equipping schools with the latest educational techniques, also the schools got nomination for the international baccalaureate IB starting from the primary stages PYP this year, followed by the remaining stages MYP and DP soon, these accreditations & partnerships open the horizon for our students to pursue their studies locally and globally with the quality and efficiency required in the finest and most prestigious universities all over the world.
For more information:
Hussein Nasrallah
Senior Media Relations Manager
Mob: + 966 5 60 40 6161
E-mail: Hussein.nasrallah@ogilvy.com
© Press Release 2017
