GFH subsidiary acquires private school in Dubai

July 25, 2015 8:20 AM

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Dubai-Mubasher: GFH Capital, a subsidiary of Gulf Finance House, has signed an agreement to acquire an 80% of a major school in Dubai which teaches the British curriculum.

The school, which was established in 2004, has nearly 1,600 registered students from different countries. It records growth in the number of students every year, and this growth is expected to continue.

“We developed our investment portfolio in the education sector through the acquisition of another leading private school in Dubai. The school teaches the British curriculum which witnesses an overwhelming response in Dubai,” saidHisham Alrayes, GFH managing director.

He added that the economic growth in Dubai makes the investment in this sector an attractive opportunity, noting that this investment is likely to offer high returns to shareholders.


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