EFG Hermes-backed SEP to acquire a majority stake in Qimam El Hayat International School for SAR163m.

EFG Hermes-backed SEP, a K-12 operator, agreed to acquire a majority stake in Qimam El Hayat International School, a provider of well-rounded education rooted in inquiry-based learning and global perspectives, for SAR163m. “We are thrilled to welcome Qimam El Hayat International School to the SEP family. This investment represents a significant milestone in our growth strategy and underscores our commitment to providing excellence in education across KSA. Qimam Al Hayat’s strong reputation and proven track record make it an ideal addition to our portfolio in this key segment,” Ahmed Wahby, SEP CEO.