Lighthouse Education aims to complete two acquisitions by 2024-end

Mahmoud Khalifa, CEO of Lighthouse Education, has said that the company is in talks with three local banks and two companies working in financial leasing, to finance two acquisitions before the start of the next academic year.

In statements to Daily News Egypt, Khalifa explained that the platform mainly aims to invest in basic education schools of all kinds, both international and local.

The platform was established through an alliance with the contribution of the Sovereign Fund of Egypt, Banque Misr, the Insurance Holding Company, The United Bank, and Mohamed Abdel Aziz Al-Rajhi and Sons Investment Company.

Khalifa added that by completing the targeted deals during the current year, the company will have fully pumped its current capital, expecting that the second closure of the platform will be at the end of next year, with an increase of one billion pounds.

It is worth noting that the value of the first closure of the educational platform amounted to about EGP 553m.