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

Star Tax closes $1.75mn pre-seed funding to fuel local, regional expansions
News
Calendar Icon
August 17, 2026
Star Tax closes $1.75mn pre-seed funding to fuel local, regional expansions
Read More
PIF delivers unprecedented financial, strategic achievements in 2025
News
Calendar Icon
August 17, 2026
PIF delivers unprecedented financial, strategic achievements in 2025
Read More
Pinnacle Capital launches new fund for Saudi growth, secondary deals
News
Calendar Icon
August 17, 2026
Pinnacle Capital launches new fund for Saudi growth, secondary deals
Read More
PIF holds $26.3bn stake in SpaceX as of end of June
News
Calendar Icon
August 16, 2026
PIF holds $26.3bn stake in SpaceX as of end of June
Read More
PIF, Formula E launch STEM education platform 'Driving Force Presented by PIF'
News
Calendar Icon
August 16, 2026
PIF, Formula E launch STEM education platform 'Driving Force Presented by PIF'
Read More
Saudi Energy to deliver power infrastructure to Expo 2030 Riyadh site
News
Calendar Icon
August 16, 2026
Saudi Energy to deliver power infrastructure to Expo 2030 Riyadh site
Read More
UAE names 6 startups for inaugural Mastercard Lighthouse cohort
News
Calendar Icon
August 13, 2026
UAE names 6 startups for inaugural Mastercard Lighthouse cohort
Read More
AIREV partners with Qualcomm to bring sovereign AI to enterprises
News
Calendar Icon
August 13, 2026
AIREV partners with Qualcomm to bring sovereign AI to enterprises
Read More
Money20/20 Middle East 2026 gathers global fintech leaders in Riyadh next month
News
Calendar Icon
August 13, 2026
Money20/20 Middle East 2026 gathers global fintech leaders in Riyadh next month
Read More
Riyadh Air, barq partner to advance airline payment technology development
News
Calendar Icon
August 13, 2026
Riyadh Air, barq partner to advance airline payment technology development
Read More