Saudi’s private education in stifling crisis as revenues decline: Ataa CEO

14/09/2020 Argaam

The private education in Saudi Arabia is going through a very stifling crisis, Al Saudiya channel reported, citing Ataa Educational Co.’s CEO, Ibrahim A. Al-Turki.

 

Al-Turki added that the sector will be able to soften the negative impact of the current crisis.

 

The sector’s revenues declined significantly this year, and were not offset by a similar decrease in expenditures as human resources represent a major portion of the expenses. This led to a liquidity shortage, he added.

 

The CEO said private schools are excluded from SANED initiative, hoping they will be included in the initiative to help overcome the ongoing crisis.

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