Mubasher: GFH Capital Limited, a subsidiary of GFH Financial Group, announced on Saturday that it will sell its 70% stake in the Philadelphia Private School in Dubai.

The school, founded in 2006 and valued at more than AED 130 million, was acquired by GFH Capital in 2014.

“We are pleased to announce another successful exit for the Group and our investors from our well-performing regional education portfolio, which is built on the strong and growing demand in the GCC for international standard education,” said the CEO of GFH, Hisham Al-Rayes.

“We believed the education sector in the UAE and the GCC, as a key sector, would be resilient and deliver solid, steady returns despite the recent economic challenges.”

“We are delighted with the value we have been able to create both for the School and our investors during the hold period. We will continue to work to maximize the performance of our remaining education assets and focus on identifying similar income generating opportunities in defensive sectors for the benefit of our investors and shareholders as we go forward,” the CEO further added.