FINANCIAL NEWS

Saudi investment firm to launch fund in education sector

22 Oct 2013

(MENAFN) A Saudi investment firm has announced its plans to launch a unique private equity fund to focus on the education sector in the Gulf region, according to Arab New.

Chief Executive of Itqan Capital, a unit of a Bahraini Banking Group, said that Itqan is looking for USD200 million to launch a fund with Bahrain-based school consultancy firm D3 Consultants over the following year.

Dahlawi said: “We are pushing the envelope today. We are saying, if you want to start an investment on the education side, be fully dedicated to that and don”t come into it only seeking returns. There is a social commitment to this which we want to adhere to.”

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