Arab Finance: EFG Holding is planning to launch a new fund to secure $300 million for the implementation of educational projects in the Gulf countries, with a focus on Saudi Arabia, the company’s Co-CEO Karim Moussa told Asharq Business.

The firm is looking forward to benefiting from the major investment opportunities in the Saudi education market in the light of Vision 2030, which aims to double the number of the private education sector’s students from 1 million to 2 million, Moussa noted.

He added that the new projects planned to be launched in the Saudi, Bahraini, and Emirati markets are scheduled to be executed within five to seven years.

Moreover, the group is seeking to roll out Selah El Telmeez’s paper and electronic books in the Saudi market, expecting Selah El Telmeez company to garner EGP 3.5 billion in revenues in the current academic year.

Sidpec approves estimated budget for 2026 Updated 12/29/2025 12:03:00 PM

EFG Hermes completes advisory on MLF Finance’s EGP 1.139B securitized bond issuance Updated 12/21/2025 11:41:00 AM

valU concludes 20th securitized bond issuance at EGP 1.1B Updated 12/18/2025 9:20:00 AM

Egypt, Canada ink 3 agreements to empower women, strengthen food security Updated 12/18/2025 8:42:00 AM

EFG Hermes completes advisory for Action Energy’s offering on Boursa Kuwait Updated 12/17/2025 9:22:00 AM