Abdulla Fouad Group seizes 51% stake in NEC

user icon
NOHA.GAD
calender icon
Jun 11, 2024
article image

Riyadh - Sharikat Mubasher: The Saudi diversified business group Abdulla Fouad Group (AFG) acquired a 51% stake in Northern Education Company (NEC), the leading health education provider in Arar.

In a statement, AFG revealed that the acquisition aligns with its long-term strategy to consolidate its core healthcare portfolio in the Kingdom.

NEC owns and operates the Northern College of Nursing in Arar which provides bachelor's degrees in nursing under the license and accreditation of the Ministry of Education.


Share

Related News

HealthTech startup Tuba secures spot in NVIDIA Inception
News
Calendar Icon
January 4, 2026
HealthTech startup Tuba secures spot in NVIDIA Inception
Read More
MSMEs in Saudi Arabia obtain SAR 446 bn credit facilities in Q3-25
News
Calendar Icon
January 4, 2026
MSMEs in Saudi Arabia obtain SAR 446 bn credit facilities in Q3-25
Read More
Saudi Arabia lays cornerstone for Hexagon data center in Riyadh
News
Calendar Icon
January 4, 2026
Saudi Arabia lays cornerstone for Hexagon data center in Riyadh
Read More
Tuwaiq Academy opens AI product-building bootcamps for 2026
News
Calendar Icon
January 1, 2026
Tuwaiq Academy opens AI product-building bootcamps for 2026
Read More
Saudi Arabia ranks first globally in ICT development
News
Calendar Icon
January 1, 2026
Saudi Arabia ranks first globally in ICT development
Read More
Report: Saudi Sports Market valued at $8.4bn, poised for major expansion
News
Calendar Icon
January 1, 2026
Report: Saudi Sports Market valued at $8.4bn, poised for major expansion
Read More
Nesma & Partners secures main infrastructure package for Expo 2030 Riyadh
News
Calendar Icon
January 1, 2026
Nesma & Partners secures main infrastructure package for Expo 2030 Riyadh
Read More
Report: Saudi Arabia sees strong growth in FDI in Q3 2025
News
Calendar Icon
December 31, 2025
Report: Saudi Arabia sees strong growth in FDI in Q3 2025
Read More
Sustainability Report: Bupa Arabia Achieves Progress in Environmental and Social Impact
News
Calendar Icon
December 31, 2025
Sustainability Report: Bupa Arabia Achieves Progress in Environmental and Social Impact
Read More
AlHatlani: Franchising makes smart option for brand owners to grow fast
News
Calendar Icon
December 31, 2025
AlHatlani: Franchising makes smart option for brand owners to grow fast
Read More