PIF-backed Social Impact Capital to acquire an additional 37.5% stake in CIRA Education for $68m.

PIF-backed Social Impact Capital, an investment firm, agreed to acquire an additional 37.5% stake in CIRA Education, an education service provider, for $68m. "This transaction represents a bold leap toward realizing our ambition of reshaping education across the region, marking a pivotal milestone in CIRA’s journey. With the partnership of SIC and SEIC, we are poised to take our vision to the next level — supporting its aspiration to become a regional leader. This partnership reflects our shared goal to contribute to the future of education and empower the next generation. Together, we will continue to innovate, expand and deliver world-class education to students across the region,” Mohammed El Kalla, CIRA Education CEO.