EFG Hermes launches $300M Saudi Education Fund

Logo of EFG Hermes

EFG Hermes, the investment bank arm of EFG Holding, launched the Saudi Education Fund (SEF) through its private equity arm. The fund, valued at $300 million, aims to build a top-tier education operator in Saudi Arabia.

In a statement to the Egyptian Exchange (EGX), EFG Hermes explained that the move seeks to tap into the growing market opportunity from the surge in private school student numbers.

This growth is expected to more than double, aligning with Saudi Arabia’s Vision 2030 goals and signaling a need for strong operators to meet rising demand.

The SEF has finalized agreements with GFH Financial Group to acquire a portfolio of international schools under the Brights Education brand.

The portfolio includes four schools in Saudi Arabia, two in the UAE, and one in Bahrain, with a total capacity of around 12,000 students, of which roughly 8,000 are currently enrolled.