Riyadh – Mubasher: Ibn Roshd Educational Company has hired AlKhair Capital SA as a financial advisor for its initial public offering (IPO) on the Saudi Stock Exchange (Tadawul).

An agreement has been signed between senior officials of Ibn Roshd and AlKhair on Monday, according to an official statement.

Founded in 2007, Ibn Roshd managed to develop and expand its footprint across Saudi Arabia. It currently manages educational complexes in Riyadh, Abha, Khamis Mushait, and Jazan and is building some new schools as part of the company's expansion plans.