17 Sep 2013
(MENAFN) Dubai-based schools operator GEMS Education plans a stake sale of 20 percent and raise USD500 million to support the growth, according to Saudi Gazette.
GEMS is distributed across the Gulf region and owns 100 private schools.
Chairman Sunny Varkey said: “We are a company that is growing. We are looking to raise approximately $500 million in the near term.”
The firm plans to sell 33 percent to raise the sum, as a magazine reported. However, Varkey said: “We will not sell more than 20 percent.”
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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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