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Itqan Capital signs MoU with Al Khaleej Training

Itqan Capital signs MoU with Al Khaleej Training
Itqan Capital, a member of Al Baraka Banking Group, has signed a memorandum of understanding (MoU) with Al Khaleej Training and Education Co. for the development and management of international schools in Saudi Arabia, according to Saudi Gazette.
“In the past few years, the education sector has become the focus of private equity funds, highlighting Saudi Arabia’s potential and its share in the regional education sector is the largest among the GCC countries with 75 percent of the total number of students in the Kingdom’s education system,” said Adil Dahlawi, managing director and CEO of Itqan.
Itqan also announced its plans to launch a Shariah-compliant private equity education fund which would focus on the primary education sector in the Kingdom, with a $200 million target capital.