JEDDAH – Wasatah Capital has announced the closing of an arrangement transaction for the sale of Rihab Al Maarifa Private Schools Company, a privately-owned school in Riyadh. The K-12 school with a total capacity of 5,000 students, is located in the Al Yarmouk area of Riyadh and caters to both boys and girls education. The facility is a purpose built facility that contains classrooms, playgrounds, labs, auditoriums and facilities for other extra-curricular activities.
Abdullah Al Rasheed, Chief Executive Officer of Wasatah Capital, said “we are pleased to be able to successfully advise on this transaction during these challenging market conditions. This transaction attests to Wasatah’s ability to source for our investor network, high quality investment opportunities.”
Ahmed Al Gore, Vice President of Private Equity and Corporate Finance Department at Wasatah Capital, said “investors remain optimistic about the prospects for the education sector in Saudi Arabia and are willing to actively engage with the right companies seeking funding.”
Wasatah Capital is a Shariyah compliant investment company regulated by the Saudi Capital Market Authority (CMA) based in Riyadh, with a paid-up capital of SR 250 million. — SG
