August 26, 2019 / 10:45 AM / 2 months ago

Dubai's GEMS Education says Saudi venture buys Ma'arif

DUBAI (Reuters) - Dubai-based school operator GEMS Education said on Monday its joint venture in Saudi Arabia had completed the acquisition of Ma’arif, the largest education company in the kingdom.

Blackstone-backed GEMS did not give a value for the purchase by its joint venture, which is co-owned by Saudi Arabia’s General Organization for Social Insurance.

Reporting by Hadeel Al Sayegh; Editing by Edmund Blair

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