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

SIC invests in Khwarizmi Venture Capital Fund II
News
Calendar Icon
May 14, 2026
SIC invests in Khwarizmi Venture Capital Fund II
Read More
KACST launches ‘Venture Readiness Program’ with Keheilan Fund
News
Calendar Icon
May 14, 2026
KACST launches ‘Venture Readiness Program’ with Keheilan Fund
Read More
VCM pacts with Lenovo, ClimeCo to accelerate sustainable industrial growth in Kingdom
News
Calendar Icon
May 14, 2026
VCM pacts with Lenovo, ClimeCo to accelerate sustainable industrial growth in Kingdom
Read More
AI consulting firm Kudo Advisory launches regional operations in UAE
News
Calendar Icon
May 14, 2026
AI consulting firm Kudo Advisory launches regional operations in UAE
Read More
Report: Saudi e-commerce users demand secure AI-powered payments
News
Calendar Icon
May 13, 2026
Report: Saudi e-commerce users demand secure AI-powered payments
Read More
EXIM Bank joins hands with Alinma Bank to support SME financing
News
Calendar Icon
May 13, 2026
EXIM Bank joins hands with Alinma Bank to support SME financing
Read More
AppyThings expands to Saudi Arabia with launch of AppyThings Arabia
News
Calendar Icon
May 13, 2026
AppyThings expands to Saudi Arabia with launch of AppyThings Arabia
Read More
RAPP MENA expands into Saudi Arabia with support from AstroLabs
News
Calendar Icon
May 12, 2026
RAPP MENA expands into Saudi Arabia with support from AstroLabs
Read More
Nutanix unveils new capabilities to empower organizations in Saudi Arabia
News
Calendar Icon
May 12, 2026
Nutanix unveils new capabilities to empower organizations in Saudi Arabia
Read More
Solutions+, Inception join forces to expand AI adoption in GCC
News
Calendar Icon
May 12, 2026
Solutions+, Inception join forces to expand AI adoption in GCC
Read More