NBK Cap­i­tal Part­ners, EBRD en­ables the growth of Kaumeya Lan­guage Schools

Kuwait Times - - BUSINESS -

NBK Cap­i­tal Part­ners has part­nered with the founders of Kaumeya Lan­guage Schools (KLS or the Com­pany) to sup­port the school in the next phase of its growth. The Com­pany will also be sup­ported by fi­nanc­ing from the Euro­pean Bank for Re­con­struc­tion and De­vel­op­ment (EBRD). KLS in­tends to ex­pand its cam­pus, up­grade its fa­cil­i­ties and mod­ern­ize its class­rooms while en­hanc­ing stu­dents’ aca­demic and per­sonal ex­pe­ri­ence.

The ed­u­ca­tion sec­tor is vi­tal for Egypt’s fu­ture given that 32 per­cent of the pop­u­la­tion are un­der the age of 15.The city of Alexandria alone has one mil­lion stu­dents of which 20 per­cent are en­rolled in pri­vate schools. A high qual­ity ed­u­ca­tion for all age groups and qual­i­fi­ca­tions is es­sen­tial for the Egyp­tian econ­omy to grow, com­pete and cre­ate jobs. Ed­u­ca­tion is key to foster the coun­try’s tal­ent and to cre­ate the con­di­tions un­der which the coun­try can ben­e­fit from its de­vel­op­ment.

Yaser Moustafa, Se­nior Man­ag­ing Di­rec­tor of NBK Cap­i­tal Part­ners, said: “NBKCP is com­mit­ted to de­vel­op­ing the ed­u­ca­tion sec­tor in the re­gion and KLS marks the firm’s sixth ed­u­ca­tion in­vest­ment. KLS is founded on strong val­ues and prin­ci­ples and has demon­strated its abil­ity to de­liver on its prom­ise to par­ents and we look for­ward to tak­ing the Com­pany to the next level.”

Ei­man Ab­del Nasser, Head of Kaumeya Lan­guage Schools, said: “Part­ner­ing with NBK Cap­i­tal Part­ners and re­ceiv­ing EBRD’s sup­port is a ma­jor step­ping stone for KLS, en­abling us to ad­vance the mis­sion crafted by our fam­ily of em­pow­er­ing and equip­ping our stu­dents to be­come life­long learn­ers”.

Fred­eric Lucenet, EBRD Di­rec­tor for Man­u­fac­tur­ing and Ser­vices, said: “We are pleased to sup­port the ed­u­ca­tion sec­tor for the first time in Egypt in part­ner­ship with ex­pe­ri­enced part­ners. The school expansion will im­prove qual­ity for more pupils within the ed­u­ca­tional pro­grams reg­u­lated by the Min­istry of Ed­u­ca­tion”. Arqaam Cap­i­tal and Al­liance Law Firm acted as the fi­nan­cial ad­vi­sor and le­gal ad­vi­sor, re­spec­tively, for the founders of KLS. Ma­touk Bas­siouny acted as the le­gal ad­vi­sor for NBK Cap­i­tal Part­ners.

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