SEDCO Holding has signed a partnership agreement with Andalus Education Company, through which Yusr International School (fully owned by SEDCO Holding) will be integrated into the Andalus Education network.
Under the agreement, SEDCO Holding becomes a stakeholder in Andalus Education Company. This partnership is expected to unlock significant benefits for all concerned parties.
Andalus Education Company’s acquisition of Yusr will add high-quality international school assets valued at over $53 million (SAR 200 million) to the Andalus school network. It increases the school network’s capacity to accommodate 20,000 plus students while raising current student numbers to 15,000.
Commenting on this agreement, Engineer Rayyan Nagadi, CEO of SEDCO Holding, said that, “We are pleased to partner with Andalus Education Company, and we believe that the integration of schools into the Andalus platform will help empower a new generation of young minds, in line with the Kingdom’s strategy of delivering education and nurturing talent to the highest international standards.”
The agreement emphasizes SEDCO Holding’s role as an active direct investor in education, a sector earmarked as crucial to sustainable talent and skills development by the Saudi Vision 2030.
SEDCO Holding aims to expand its educational portfolio in line with a commitment to advancing partnerships in priority sectors for the national economy.
“This partnership adds to our commitment to education and meeting the aspirations of the Kingdom’s leadership, which emphasizes the advancement of education as a key pillar of Vision 2030. The acquisition of Yusr is part of our aim to expand across Saudi Arabia to meet growth opportunities in education,” commented Engineer Yousef Elkhereiji, CEO of Andalus Education Company.
