Built to inform

Sign up for the daily newsletters

No, Thank you

Bahrain’s GFH inks $150m deal with UK’s Inspired

Inspired has signed a $150m agreement to acquire part of GFH Financial Group's $300m school portfolio in the GCC

Inspired has signed an education agreement with Bahrain's GFH.
Inspired has signed an education agreement with Bahrain's GFH.

Bahrain-headquartered GFH Financial Group has announced signing an education agreement with Inspired, a UK group that operates schools in Europe, Africa, Latin America, and Australia.

GFH revealed in a statement that the deal, which is worth $150m (BHD56.6m), will see part of its $300m (BHD113.1m) school portfolio in the GCC being acquired by Inspired.

Commenting on the deal, Hisham Al Rayes, chief executive officer of GFH, said: “We are pleased to announce this agreement with Inspired, which has an enviable track record of operating leading premium schools across four continents.

“Their network and experience will add significant value to the schools, including offering both students and teachers opportunities to take part in exchange programmes and benefit from the latest programmes, to enhance the level of education and create a unique learning environment in the region.”

Read: Bahrain’s GFH completes acquisition of $1.2bn infra portfolio

Meanwhile, Nadim Nsouli, founder and group chairman of Inspired, added: “This agreement marks the entry point of Inspired in the region. Inspired is focussed on making the British School of Bahrain the leading school in the GCC and will evaluate other school acquisitions in the region with GFH.”

Most popular

Awards

Dubai's JW Marriott Marquis Hotel to host CW Awards 2019
15th edition of the CW Awards will be held at the five-star Dubai hotel to

Conferences

Leaders UAE 2019: ALEC, CSCEC ME, Arada bosses on diversification
EXCLUSIVE: Kez Taylor, Sachin Kerur, Elie Mrad, and Grigoris Christofides share insights at Leaders UAE
Leaders UAE 2019: Awareness, intent key to cutting contract costs
EXCLUSIVE: Sachin Kerur, Talal Al Gaddah, Walid Soliman, and Rajesh Kumar Krishna share views at

Latest Issue

Construction Week - Issue 749
Sep 15, 2019