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Egypt Education Platform (EEP) Expands Its Footprint in the Gulf Region with New USD 300mn Saudi Education Fund

November 19, 2024

Egypt Education Platform (EEP) is expanding its footprint in the Gulf region through its leadership team managing Spark Education Platform (SEP), which will run the newly acquired assets of Saudi Education Fund (SEF), a new USD 300mn fund by EFG Hermes.

Part of this new growth initiative entails EEP’s leadership team assuming regional responsibilities, including Ahmed Wahby, Group Chief Executive Officer, Middle East & Africa; Adel Badr, Group Chief Financial Officer, Middle East & Africa; David Pontich, Group Vice President Education, Middle East & Africa; and Amr Sherif, Group Marketing and Commercial Director, Middle East & Africa.

As a first step, SEF has entered into definitive agreements with Gulf Finance House (GFH) to acquire a portfolio of seven international schools located across the region, with four schools in Saudi Arabia, two in the United Arab Emirates, and one in Bahrain, with a total combined capacity of around 12k students and almost 8k enrolled students. In Saudi Arabia, these include one mid-market American curriculum school and three American international schools in the affordable segment. In the United Arab Emirates, SEP will acquire one British school in Dubai and another in Abu Dhabi, both in the mid-market plus segment, in addition to one international school in the mid-market segment in Bahrain.

Since its establishment in 2018, EEP has demonstrated extraordinary growth, expanding 16-fold in five years. This exponential growth is a reflection of EEP’s commitment to operational excellence, strong leadership, a solid governance structure, and world-class education. This has solidified EEP’s position in the Egyptian market and enabled the replication of this successful model in the Gulf countries through SEP.

By building upon the success of its premium international and homegrown brands, EEP aims to benefit students and families across the region and further solidify its position as a leader in education.

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