Arab Finance: EFG Holding has raised $150 million within a day of launching its Saudi Education Fund (SEF), aimed at developing the education sector in Saudi Arabia, co-CEO Karim Moussa told Asharq Business.

The $300 million fund was launched by EFG’s private equity arm to create a global education operator, aligning with the rising demand for private schools in Saudi Arabia.

Moussa revealed that the fund’s initial major investment involved the acquisition of seven Britus schools, including four in Saudi Arabia, two in the UAE, and one in Bahrain.

He also emphasized the fund’s strategic focus on Saudi Arabia’s middle class, which seeks private-sector schools offering high-quality education.

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