Al Najah Education Limited expands its network to a total of 36 educational institutions in the MENA and Southeast Asia region
Dubai, UAE - Al Najah Education Limited, a leading education investment company, has acquired a majority stake in Brooklyn Melodies Music Centre (BMMC), further expanding the firm's education investment portfolio in the MENA and Southeast Asia regions, the key markets in which the company operates.
As part of the deal, the two founding shareholders of BMMC will remain as shareholders and continue to grow BMCC together with Al Najah. The acquisition expands Al Najah's network to 36 institutions under its growing portfolio, including schools, nurseries and institutions operating in the peripheral sectors.
The new development in Al Najah's expansion program marks its maiden entry into the music training sector, a move that will see the company diversify its offerings for customers and stakeholders.
BMMC, a Knowledge and Human Development Authority-approved learning institute, has eight branches across Dubai currently serving over 2,500 students, both children and adults, offering individual and group training in music and ballet, and a ninth outlet selling musical instruments in Dubai Mall.
Making the announcement, Shailesh Dash, Chairman of Al Najah, commented that as the UAE continues to build a strong and solid reputation as a premier educational hub, the acquisition of Brooklyn Melodies now reaffirms the group's vision of offering borderless education, innovation and ideas that will shape future leaders.
"As investors in education, we are constantly looking for opportunities that not only increase our shareholder value, but also those that will have a positive and meaningful impact in the societies we operate in," he added.
On his part, BMMC Director Laith Michel said that the partnership would not only propel the two entities' vision to offer world-class education but also help develop their educational and training services further.
"This is indeed an important deal for BMMC. Our partnership with Al Najah Education will now give us access to a wider market, and a solid set up for expansion into new markets. This partnership will also provide the various institutions within the group with an opportunity to develop innovative activities and programs with BMMC."
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About Al Najah Education Limited
Al Najah Education Limited is an investment company which, through its UAE-based platform, manages education institutions throughout the MENASEA region. In operation since early 2012, AN strives not only to provide its clients a non-cyclical and defensive investment option but also to create a nurturing environment that fosters growth, opportunities and social development. Al Najah current owns and manages 36 educational institutions with capacity of more than 8,000 students across the MENASEA region.
© Press Release 2016
