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

Starlinks expands Saudi aviation logistics with Swisslog automation deal
News
Calendar Icon
September 13, 2026
Starlinks expands Saudi aviation logistics with Swisslog automation deal
Read More
Forbes Middle East hosts Healthcare Leaders Summit in Riyadh
News
Calendar Icon
September 13, 2026
Forbes Middle East hosts Healthcare Leaders Summit in Riyadh
Read More
stc group, Astranis partner to launch dedicated Saudi satellite in 2027
News
Calendar Icon
September 13, 2026
stc group, Astranis partner to launch dedicated Saudi satellite in 2027
Read More
Khalifa Fund invites Emirati founders to join NEXUS AI Program
News
Calendar Icon
September 13, 2026
Khalifa Fund invites Emirati founders to join NEXUS AI Program
Read More
AHOY, Lumina Partners sign strategic alliance for Physical AI expansion
News
Calendar Icon
September 10, 2026
AHOY, Lumina Partners sign strategic alliance for Physical AI expansion
Read More
Standard Chartered backs 3 women-led startups with $45,000 awards
News
Calendar Icon
September 10, 2026
Standard Chartered backs 3 women-led startups with $45,000 awards
Read More
Anchanto pacts with NAQEL to expand logistics connectivity in Saudi Arabia
News
Calendar Icon
September 10, 2026
Anchanto pacts with NAQEL to expand logistics connectivity in Saudi Arabia
Read More
Salam partners with KAROOOOO to accelerate mobility solutions in Saudi Arabia
News
Calendar Icon
September 9, 2026
Salam partners with KAROOOOO to accelerate mobility solutions in Saudi Arabia
Read More
Hurr unveils $2mn initiative to drive freelance work growth
News
Calendar Icon
September 9, 2026
Hurr unveils $2mn initiative to drive freelance work growth
Read More
Riyadh enters ‘Global Top 100 Innovation Clusters’ in 2026
News
Calendar Icon
September 9, 2026
Riyadh enters ‘Global Top 100 Innovation Clusters’ in 2026
Read More