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

Du unveils enhanced connectivity support, services for SMEs across UAE
News
Calendar Icon
April 5, 2026
Du unveils enhanced connectivity support, services for SMEs across UAE
Read More
Saudi PMI plunges to 48.8, first contraction in over five years
News
Calendar Icon
April 5, 2026
Saudi PMI plunges to 48.8, first contraction in over five years
Read More
PIF in talks to acquire anchor stake in SpaceX for $5bn
News
Calendar Icon
April 5, 2026
PIF in talks to acquire anchor stake in SpaceX for $5bn
Read More
Riyadh to host StartSmart Investment Forum this month
News
Calendar Icon
April 5, 2026
Riyadh to host StartSmart Investment Forum this month
Read More
Saudi fintech lending to industrial sector surges 36% in 2025
News
Calendar Icon
April 2, 2026
Saudi fintech lending to industrial sector surges 36% in 2025
Read More
Zetta Technologies, Riyadh Dynamics sign SAR 1.5 Bn deal to advance automation
News
Calendar Icon
April 2, 2026
Zetta Technologies, Riyadh Dynamics sign SAR 1.5 Bn deal to advance automation
Read More
Farid Academy receives Egypt’s official ‘Startup Label’
News
Calendar Icon
April 2, 2026
Farid Academy receives Egypt’s official ‘Startup Label’
Read More
Sharjah Innovation Park unveils AI Hub to accelerate AI adoption
News
Calendar Icon
April 1, 2026
Sharjah Innovation Park unveils AI Hub to accelerate AI adoption
Read More
Cenomi Centers partners with Saudi Downtown on Al Khobar Retail Complex
News
Calendar Icon
April 1, 2026
Cenomi Centers partners with Saudi Downtown on Al Khobar Retail Complex
Read More
Reality Venture launches targeting Saudi real estate innovation
News
Calendar Icon
April 1, 2026
Reality Venture launches targeting Saudi real estate innovation
Read More