GFH acquires AMA International University Bahrain

GFH acquires AMA International University Bahrain

GFH Financial Group (GFH) announced that it, alongside its strategic partners, has successfully completed the acquisition of AMA International University-Bahrain (AMAIUB), further building the Group's local and regional education portfolio currently valued at US$250 million and growing. The transaction, valued in excess of US$100 million, will see GFH assume the lead in the management of the University on behalf of its partners, leveraging its strong and long-standing track record and experience in the sector. AMAIUB, which was established is the Kingdom in 2002, has quickly grown to be a leading provider of higher education for local and regional students. It offers international standard undergraduate and graduate programmes in the fields of Finance and Business Administration, Computer Science and Engineering and is the second largest university in the Kingdom after the University of Bahrain. As of the 2020 academic year, the University's student body stood at over 2,500 across its various degree programmes. This number is expected to grow significantly in coming years following the University's successful accreditation at the end of 2019 from the Higher Education Council, which has allowed it begin offering enrolment to students from across the GCC and beyond. Also adding to the University's strong