Wasatah Capital announces, as sell-side advisor, the closing of an arranging transaction for the sale of a privately-owned school in Al Khobar, Saudi Arabia. The school services all educational stages (K-12), with a capacity of 2,000 students and a purpose built facility that contains classrooms, playgrounds, labs, auditoriums and facilities for other extra-curricular activities.
Mr. Abdullah Al Rasheed, Chief Executive officer of Wasatah Capital, commented, “Wasatah was able to source and successfully place a high quality transaction like this one. We are optimistic about the prospects for the education sector in Saudi Arabia and we will continue actively engaging premium schools looking for funding”.
Wasatah Capital is a closed joint stock investment Company with a strategic shareholder “Kenanga Investment Bank Berhad”, Listed in Kuala Lumpur Exchange, authorized and regulated by Capital Market Authority (CMA) of Saudi Arabia with a paid up capital of SR 250 Million. CMA license granted include arranging, custody, managing, dealing as principal and underwriter. Wasatah is a Sharia-compliant investment bank based in Riyadh, Saudi Arabia.