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

Saudi Arabia, South Korea deepen business ties across emerging sectors
News
Calendar Icon
October 6, 2026
Saudi Arabia, South Korea deepen business ties across emerging sectors
Read More
Riyadh Holding launches Marafid to develop economic assets in Riyadh
News
Calendar Icon
October 6, 2026
Riyadh Holding launches Marafid to develop economic assets in Riyadh
Read More
Solutions+ signs MoU with Tahaluf to accelerate AI transformation
News
Calendar Icon
October 6, 2026
Solutions+ signs MoU with Tahaluf to accelerate AI transformation
Read More
NEOPAY to acquire 65% stake in noon payments
News
Calendar Icon
October 5, 2026
NEOPAY to acquire 65% stake in noon payments
Read More
Saudi Arabia to host 6th Future Minerals Forum in January 2027
News
Calendar Icon
October 5, 2026
Saudi Arabia to host 6th Future Minerals Forum in January 2027
Read More
Saudi non-oil sector hits six-month high in September, PMI rises to 55.3
News
Calendar Icon
October 5, 2026
Saudi non-oil sector hits six-month high in September, PMI rises to 55.3
Read More
Saudi DGA, STV plan SAR 500 mn investment in AI startups
News
Calendar Icon
October 4, 2026
Saudi DGA, STV plan SAR 500 mn investment in AI startups
Read More
EY to develop first AI-native business process outsourcing service in Kingdom
News
Calendar Icon
October 4, 2026
EY to develop first AI-native business process outsourcing service in Kingdom
Read More
MAKEEN, Rolls-Royce partner to localize marine engine production in Kingdom
News
Calendar Icon
October 1, 2026
MAKEEN, Rolls-Royce partner to localize marine engine production in Kingdom
Read More
Crown Prince: Saudi Arabia achieves 93% of Vision 2030 targets
News
Calendar Icon
October 1, 2026
Crown Prince: Saudi Arabia achieves 93% of Vision 2030 targets
Read More