Maarif Education Set to Lead Saudi K-12 Sector with Acquisition of Ibn Khaldoun

Maarif Education has announced its acquisition of Ibn Khaldoun Education Company in Saudi Arabia, with EFG Hermes serving as the financial advisor. This strategic move by Maarif, a leader in Saudi Arabia's K-12 education sector, positions it to significantly expand its geographical reach and student enrollment across the kingdom. The acquisition aligns with Saudi Arabia's Vision 2030, emphasizing quality education, and marks one of the largest investments in Saudi Arabia's education sector. EFG Hermes, the leading investment bank in the Middle East and North Africa region, has a proven track record in advising transformative education deals. This acquisition is part of EFG Hermes' third advisory mandate in the education sector this year, following significant transactions for Taaleem Education and Alef Education. The completion of this deal will enhance Maarif's capacity to deliver high-quality private education services to a larger student population, reinforcing its position as the foremost private K-12 education provider in the kingdom.