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

CALO launches full operations in Oman to power personalized meal services
News
Calendar Icon
June 1, 2026
CALO launches full operations in Oman to power personalized meal services
Read More
Saudi Ministry of Investment grants over 7K new licenses in 2025
News
Calendar Icon
June 1, 2026
Saudi Ministry of Investment grants over 7K new licenses in 2025
Read More
PIF invested $17bn in renewable energy over 5 years
News
Calendar Icon
June 1, 2026
PIF invested $17bn in renewable energy over 5 years
Read More
PoS transactions surpass 1 bn in April, sales reach SAR 58 bn
News
Calendar Icon
June 1, 2026
PoS transactions surpass 1 bn in April, sales reach SAR 58 bn
Read More
Mawani, Q Saudi, sign MoU to support food security goals
News
Calendar Icon
May 25, 2026
Mawani, Q Saudi, sign MoU to support food security goals
Read More
Classera, Zain KSA partner to advance AI-powered education in Saudi Arabia
News
Calendar Icon
May 25, 2026
Classera, Zain KSA partner to advance AI-powered education in Saudi Arabia
Read More
Saudi Arabia issues 80 new mining licenses in March 2026
News
Calendar Icon
May 24, 2026
Saudi Arabia issues 80 new mining licenses in March 2026
Read More
HUMAIN, Accenture partner to scale AI adoption across Saudi Arabia
News
Calendar Icon
May 24, 2026
HUMAIN, Accenture partner to scale AI adoption across Saudi Arabia
Read More
Egypt launches PropTech Hub to back real estate tech startups
News
Calendar Icon
May 24, 2026
Egypt launches PropTech Hub to back real estate tech startups
Read More
Saudi Arabia scales up smart tech deployment during Hajj 2026
News
Calendar Icon
May 24, 2026
Saudi Arabia scales up smart tech deployment during Hajj 2026
Read More