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Maarif Education is acquiring 100% of Ibn Khaldoun Education (IKEC): Maarif Education signed a definitive agreement to fully acquire IKEC, according to a press release. The investment ticket for the agreement was not disclosed.
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The pitch: The transaction will see Maarif acquiring all of IKEC’s four schools in Riyadh, which cater to 13k students with national and international curricula, increasing Maarif’s size by some 60%, and raising its total enrollment to over 36k from 23k.
About Maarif: Founded in 1971, Maarif Education currently operates 10 educational complexes nationwide, housing 74 schools for boys and girls across all levels, and employs some 2.5k staff.
