GLOBAL: Saudi Arabia’s Al-Khaleej Training and Education Company and Bahrain’s GFH Financial Group signed a non-binding MoU to explore merging their respective education assets through a Shariah compliant structure.
The companies will study a 100% in-kind share exchange involving schools and higher education assets they both hold. The proposal includes the possible establishment of a Saudi joint-stock company or an education-focused fund, with plans for a potential listing on the stock exchange within 24 to 36 months, subject to regulatory approvals.
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