ZAWYA-SNG: GFH, AlKhaleej Training eye business merger to expand educational assets
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GFH Financial Group has signed a non-binding MoU with AlKhaleej Training and Education Company to explore a merger of their educational assets, including 23 schools and a university. The merger aims to create a Saudi joint-stock company or educational fund to be listed on the Saudi Exchange within 24 to 36 months. The transaction is subject to regulatory approvals and is expected to positively impact the value of the merged assets. GFH's net profit attributable to shareholders increased by 15.10% YoY to $101.27 million as of September 2025.
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