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

SIRC Group, Hydrogen Utopia International partner on plastic waste conversion
News
Calendar Icon
January 27, 2026
SIRC Group, Hydrogen Utopia International partner on plastic waste conversion
Read More
BARQ Systems, iOCO, PortfolioTech to accelerate cloud-first adoption in MENA
News
Calendar Icon
January 27, 2026
BARQ Systems, iOCO, PortfolioTech to accelerate cloud-first adoption in MENA
Read More
Saudi investment crosses SAR 1.5 tn as foreign capital accelerates
News
Calendar Icon
January 27, 2026
Saudi investment crosses SAR 1.5 tn as foreign capital accelerates
Read More
Saudi Arabia grants SAR 1.9 bn new industrial licenses in December
News
Calendar Icon
January 27, 2026
Saudi Arabia grants SAR 1.9 bn new industrial licenses in December
Read More
Inception, Visa join efforts to accelerate agentic commerce adoption
News
Calendar Icon
January 26, 2026
Inception, Visa join efforts to accelerate agentic commerce adoption
Read More
Savvy Games inks MoU with NEOM to foster Saudi gaming startups
News
Calendar Icon
January 26, 2026
Savvy Games inks MoU with NEOM to foster Saudi gaming startups
Read More
Riyadh Air partners with NSG for high-speed in-flight Wi-Fi
News
Calendar Icon
January 26, 2026
Riyadh Air partners with NSG for high-speed in-flight Wi-Fi
Read More
Manara, AWS sign $2.8mn upskilling agreement in MENA
News
Calendar Icon
January 26, 2026
Manara, AWS sign $2.8mn upskilling agreement in MENA
Read More
Qadi, Core42 partner to power sovereign AI compliance in UAE
News
Calendar Icon
January 26, 2026
Qadi, Core42 partner to power sovereign AI compliance in UAE
Read More
Real Estate Future Forum 2026 opens in Riyadh
News
Calendar Icon
January 26, 2026
Real Estate Future Forum 2026 opens in Riyadh
Read More