04 June 2013
June 2013: Foursan Group, a leading Middle Eastern private equity firm, announced the successful exit of its investment inAl-Isra Education & Investment PLC ("Al-Isra"). Al-Isra is a holding company that operates Al-Isra Private University, a Jordanian private university that provides graduate and undergraduate degrees to nearly 6,500 Jordanian and foreign students.
June 2013: Foursan Group, a leading Middle Eastern private equity firm, announced the successful exit of its investment inAl-Isra Education & Investment PLC ("Al-Isra"). Al-Isra is a holding company that operates Al-Isra Private University, a Jordanian private university that provides graduate and undergraduate degrees to nearly 6,500 Jordanian and foreign students.
Since Foursan invested in Al-Isra, the company grew its annual profitability seven-fold from JD1.2 millionto JD7.2 million,increased its net income marginfrom 11% to 43%,andthe company recently paid a dividend representing a 9% yield.
Commenting on the transaction, Nashat T. Masri, a Partner with Foursan Group, stated: "We are pleased with this transaction and the attractive returns we generated for our investors. Al-Israis a leading Jordanian university and we wish it all the best in its future endeavors."
Al-Isra is a Jordanian public company listed on the Amman Stock Exchange under the symbol "AIFE".
© Press Release 2013
