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

Ninja enlists multiple banks for potential $1bn IPO in early 2027
News
Calendar Icon
May 10, 2026
Ninja enlists multiple banks for potential $1bn IPO in early 2027
Read More
UN to establish Global Center for Digital Government in Riyadh
News
Calendar Icon
May 10, 2026
UN to establish Global Center for Digital Government in Riyadh
Read More
Aramco, solutions by stc to deploy next-generation supercomputer by 2027
News
Calendar Icon
May 6, 2026
Aramco, solutions by stc to deploy next-generation supercomputer by 2027
Read More
Legaline launches as UAE’s 1st AI-native legaltech platform
News
Calendar Icon
May 6, 2026
Legaline launches as UAE’s 1st AI-native legaltech platform
Read More
FAB, Temenos strengthen relations to drive digital banking in Saudi Arabia
News
Calendar Icon
May 6, 2026
FAB, Temenos strengthen relations to drive digital banking in Saudi Arabia
Read More
Vault officially launches in Saudi Arabia after obtaining CMA license
News
Calendar Icon
May 6, 2026
Vault officially launches in Saudi Arabia after obtaining CMA license
Read More
Aramco to collaborate with IBM to accelerate AI, innovation in Kingdom
News
Calendar Icon
May 6, 2026
Aramco to collaborate with IBM to accelerate AI, innovation in Kingdom
Read More
Saudi non-oil business returns to growth, PMI rises to 51.5
News
Calendar Icon
May 5, 2026
Saudi non-oil business returns to growth, PMI rises to 51.5
Read More
Zelostech, Abdul Latif Jameel partner to boost smart mobility, sponsored by TGA
News
Calendar Icon
May 5, 2026
Zelostech, Abdul Latif Jameel partner to boost smart mobility, sponsored by TGA
Read More
UAE’s TII powers global AI expansion with OPAQUE deal
News
Calendar Icon
May 4, 2026
UAE’s TII powers global AI expansion with OPAQUE deal
Read More