GEMS Education KSA, a joint venture company owned by the General Organization for Social Insurance (GOSI) and GEMS Education, and Hassana, an investment company, have completed the acquisition of Ma’arif Education and Training Company.
Ma’arif private schools, established in 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 Vision 2030, the commitment of the new shareholders to improving private education in Saudi Arabia, together with Ma’arif’s long-standing reputation for high-quality education, made for an attractive partnership in Saudi Arabia.
Saad Alfadly, chairman of 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, CEO of 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 in the private education sector in the Kingdom. We look forward to many successes ahead.”