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GEMS Education KSA, a joint venture company owned by the General Organisation for Social Insurance (“GOSI”) and GEMS Education, completed the acquisition of Ma’arif Education and Training Company (“Ma’arif”).
Ma’arif private schools, established in 1391H / 1971 in Saudi Arabia, have more than 40 years of experience in school management, with more than 13 campuses across the Kingdom and more than 20,000 students enrolled.
In line with Saudi’s Vision 2030, the commitment of the new shareholders to improving private education in KSA, together with Ma’arif’s long-standing reputation for high-quality education, made for an attractive partnership in Saudi Arabia.
Saad Alfadly, Chairman of the joint venture company, GEMS Education KSA, said: “We look forward to working with teachers, students and parents who are currently enrolled in Ma’arif schools and we are excited about welcoming new families. We are confident that combining the experience, reputation and track record of Ma’arif and GEMS Education will ensure that our schools remain leaders in academic excellence and the development of our students.”
Dr. Mohamed Al-Arfaj Chief Executive Officer, Maarif Education, said: “We are excited about this partnership, as it is unprecedented in the region, to contribute to raising the quality of education within the Kingdom, and raise the share of Ma’arif for Education in the private education sector in the kingdom. We look forward to many successes ahead.”
-ENDS-
About Ma’arif
Ma’arif Education and Training is the largest owner and operator of private schools in Saudi Arabia. Established in 1971, Ma’arif owns 13 private campuses across the country, providing kindergarten, elementary, intermediate and secondary (“K-12”) education to both boys and girls, following international and Saudi curricula.
More than 20,000 students are currently enrolled across its campuses, with a staff over 2,400. Ma’arif benefits from an excellent reputation in the sector, supported by its experienced team of academic professionals and important brand schools: Manarat, Faisaliah, Green Hills and Noor Al-Islam
About GEMS Education KSA
GEMS Education KSA is a joint venture company (“JV”) owned by the General Organization for Social Insurance (“GOSI”) and GEMS Education. The joint venture was formed in May 2019 with the aim to invest in the education sector in Saudi Arabia.
GOSI is a Saudi Arabian government agency administering a public pension and social insurance program covering private sector employees in Saudi Arabia. Its investment portfolio is one of the largest pension funds in the world by assets under management. Hassana is the investment arm of GOSI, managing all investments on GOSI’s behalf across all asset classes.
GEMS Education is one of the world’s oldest and largest K-12 private education providers. It is a highly-regarded choice for quality private education in the Middle East and North Africa region. As a company founded in the UAE in 1959, it holds an unparalleled track-record of providing diverse curricula and educational choices to all socio-economic means. GEMS Education now owns and operates more than 50 schools and educates over 124,000 students in the MENA region; and through its growing network of schools as well as charitable contributions is fulfilling the founder’s vision of putting a quality education within the reach of every child.
For further information about GEMS Education, visit: http://www.gemseducation.com or contact:
Yasser Alvi | Stacy Fernandes
ASDA'A BCW
Tel: (+971) 4 4507 600
Email: yasser.alvi@bcw-global.co m | stacy.fernandes@bcw-global.com
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