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

Classera, Zain KSA partner to advance AI-powered education in Saudi Arabia
News
Calendar Icon
May 25, 2026
Classera, Zain KSA partner to advance AI-powered education in Saudi Arabia
Read More
Saudi Arabia issues 80 new mining licenses in March 2026
News
Calendar Icon
May 24, 2026
Saudi Arabia issues 80 new mining licenses in March 2026
Read More
HUMAIN, Accenture partner to scale AI adoption across Saudi Arabia
News
Calendar Icon
May 24, 2026
HUMAIN, Accenture partner to scale AI adoption across Saudi Arabia
Read More
Egypt launches PropTech Hub to back real estate tech startups
News
Calendar Icon
May 24, 2026
Egypt launches PropTech Hub to back real estate tech startups
Read More
Saudi Arabia scales up smart tech deployment during Hajj 2026
News
Calendar Icon
May 24, 2026
Saudi Arabia scales up smart tech deployment during Hajj 2026
Read More
Khalifa Fund, Hub71 launch 1st MZN Cohort for Emirati startups
News
Calendar Icon
May 21, 2026
Khalifa Fund, Hub71 launch 1st MZN Cohort for Emirati startups
Read More
Mastercard expands ‘Lighthouse Program’ to UAE to support AI innovation
News
Calendar Icon
May 21, 2026
Mastercard expands ‘Lighthouse Program’ to UAE to support AI innovation
Read More
Huawei, GAPP join forces to boost Saudi Arabia’s cloud ecosystem
News
Calendar Icon
May 21, 2026
Huawei, GAPP join forces to boost Saudi Arabia’s cloud ecosystem
Read More
Falak Investment Hub, The Insurtech to support insurance innovation in Saudi Arabia
News
Calendar Icon
May 21, 2026
Falak Investment Hub, The Insurtech to support insurance innovation in Saudi Arabia
Read More
SAL achieves landmark Triple ISO Certification in Saudi logistics sector
News
Calendar Icon
May 20, 2026
SAL achieves landmark Triple ISO Certification in Saudi logistics sector
Read More