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

AI Everything Abu Dhabi 2026 to bring together 350+ AI companies
News
Calendar Icon
July 29, 2026
AI Everything Abu Dhabi 2026 to bring together 350+ AI companies
Read More
RaffleTech rolls out new AI-powered customer engagement ecosystem
News
Calendar Icon
July 29, 2026
RaffleTech rolls out new AI-powered customer engagement ecosystem
Read More
Diriyah awards SAR 2.7bn project to Hassan Allam, UCC Saudi
News
Calendar Icon
July 29, 2026
Diriyah awards SAR 2.7bn project to Hassan Allam, UCC Saudi
Read More
SAMA grants Himma debt crowdfunding license
News
Calendar Icon
July 29, 2026
SAMA grants Himma debt crowdfunding license
Read More
Pemo secures CBUAE’s in-principle approval for Stored Value Facilities license
News
Calendar Icon
July 28, 2026
Pemo secures CBUAE’s in-principle approval for Stored Value Facilities license
Read More
‎KEC signs LOI to execute SAR 7.5bn Knowledge Gardens project
News
Calendar Icon
July 28, 2026
‎KEC signs LOI to execute SAR 7.5bn Knowledge Gardens project
Read More
Monsha'at to host franchise exhibition featuring over 20 brands in Al-Baha
News
Calendar Icon
July 28, 2026
Monsha'at to host franchise exhibition featuring over 20 brands in Al-Baha
Read More
Brookfield announces first close of PIF-anchored Brookfield Middle East Partners fund
News
Calendar Icon
July 28, 2026
Brookfield announces first close of PIF-anchored Brookfield Middle East Partners fund
Read More
Jada backs Growth Catalyst Fund I to expand SMEs' growth equity capital
News
Calendar Icon
July 28, 2026
Jada backs Growth Catalyst Fund I to expand SMEs' growth equity capital
Read More
QDB invites startups to apply for 2026 Pre-Accelerator Program
News
Calendar Icon
July 28, 2026
QDB invites startups to apply for 2026 Pre-Accelerator Program
Read More