Originally posted to the Reuters website, 26 August 2019
DUBAI (Reuters) – Dubai-based school operator GEMS Education said on Monday its joint venture in Saudi Arabia had completed the acquisition of Ma’arif, the largest education company in the kingdom.
Blackstone-backed GEMS did not give a value for the purchase by its joint venture, which is co-owned by Saudi Arabia’s General Organization for Social Insurance.
Link to the original post: https://www.reuters.com/article/us-ma-arif-m-a-gems/dubais-gems-education-says-saudi-venture-buys-maarif-idUSKCN1VG0ZT
