NBK Capital has advised on the acquisition of 100% of King Integrated American School (KIAS), located in the fast-growing King Mariut area within Alexandria, Egypt.
The acquisition, through NBK Capital Partners (NBKCP) and the Kaumeya Language Schools (KLS), builds on its partnership with KLS, initially formed in 2016, and will enable the further development of one of the leading international schools in Alexandria.
The city of Alexandria alone has one million students of which 20% are enrolled in private schools. Established in 2015, KIAS serves the King Mariut area and neighbouring districts. This catchment area has over 100,000 households, growing at a rate of 7% annually due to urbanisation trends and the industrialisation of surrounding areas, according to research conducted by Sagaci Research.
“NBKCP is dedicated to better serving Alexandria with high quality education and the acquisition of KIAS is testament to that. This investment, coupled with the opening of the Kafr Abdou nursery last year and the new campus next year, will solidify KLS’ position as a leading school in Alexandria,” Yaser Moustafa, the senior managing director of NBKCP stated.
“As we continue to advance our mission of educating Alexandria’s future generations, expanding into King Mariout was a natural step forward. We aim to instil KLS’ strong academic rigor and solid foundation in KLS King Mariout, elevating further the quality of education within the greater Alexandria community,” mentioned Eman Abdel Nasser, the founder and the head of KLS.
NBKCP has a deep experience in the regional educational sector, having advised on nine transactions since its inception across private equity, private credit, and real estate funds.