Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Aldar Education gets $272m

Aldar aims to increase student capacity to over 40,000 by 2024-25. (Aldar).
  • Aldar Education currently owns nine schools under Aldar Academies and Cranleigh Abu Dhabi and manages a further 11 schools.
  • The company aims to increase the existing student capacity in Aldar Education’s owned and managed schools to over 40,000 seats by Academic Year 2024-25.

Aldar Properties (Aldar) has announced plans to invest AED1 billion ($272 million) into Aldar Education, its wholly owned subsidiary, and the largest premium school operator in Abu Dhabi.

With 80 percent of the investment already committed and planned for deployment over the next three years, Aldar will diversify its education portfolio and expand its offering to widen the choice of quality education for students in Abu Dhabi, the firm said.

Aldar Education currently owns nine schools under Aldar Academies and Cranleigh Abu Dhabi and manages a further 11 schools.

Through this investment, Aldar aims to increase the existing student capacity in Aldar Education’s owned and managed schools to over 40,000 seats by Academic Year 2024-25.

Aldar Education is looking to achieve this through a mix of greenfield and school acquisition opportunities in the premium and mid-market segments, all aimed at strengthening the choice and educational experience available to students in Abu Dhabi.

Talal Al Dhiyebi, Group Chief Executive Officer at Aldar Properties, said, “This latest investment will help us make notable progress in this direction and it also makes financial sense for a business that is of huge strategic importance to the Group.”

Aldar’s growth plan is focused on enhancing Aldar Education’s offering in three main locations in Abu Dhabi: Khalifa City, Saadiyat Island and Yas Island.