Dubai – Mubasher: Dubai Investments on Monday announced that it would pump AED 73.4 million ($20 million) in direct investments into Africa Crest Education Holdings (ACE).
The investment will fund schools development projects managed by SABIS, an international education organization that oversees the school network, in Africa, in addition to implementing investment projects of high priority in Kenya, Egypt, South Africa, Uganda and Morocco, the company indicated.
Al Mal Capital, a subsidiary of Dubai Investments, has advised the company on its investment in ACE, Dubai Investments highlighted, adding that its advisory arm will continue to manage the investment on its behalf.
Investbridge Capital (IBC) arranged and advised the investment transaction on behalf of ACE, the Emirati firm mentioned.
The Dubai Financial Market (DFM) listed firm will join main investors in ACE, which includes IBC, Centum, and SABIS.
