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FINANCIAL NEWS
Dubai’s GEMS plans USD300m expansion
29 Mar 2011
(MENAFN) Dino Varkey, a senior executive at the Dubai-based private schools operator, GEMS, said that the company is planning expansions worth USD300 million through adding new schools in Kenya, reported Arabian Business.
Varkey said that GEMS is considering launching an initial public offering (IPO) in order to finance the planned expansion.
Varkey added that the company seeks increasing its teaching capacity to five million students by 2024, which would boost the value of the company to USD60 billion.
Varkey added that these expansions would serve local communities as well as they require hiring 450,000 teachers and 55,000 senior leaders.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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